Mathematics, 06.03.2021 01:00 anilabrea
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $7,000, annual interest 9% interest periods: 2 number of years: 16
After 16 years, the investment compounded periodically will be worth $0
more than the investment compounded annually.
(Round to two decimal places as needed.)
Answers: 1
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