Mathematics, 02.05.2021 21:00 swhorton6

18. Zachary wants to invest $35,000 of his retirement. He can either invest the money in an account that earns 4.8% interest compounded monthly for 20 years or he can invest in an account that
earns 3.6% interest compounded continuously for 20 years. Which option results in more total
interest?

Answers: 2

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18. Zachary wants to invest $35,000 of his retirement. He can either invest the money in an account that earns 4.8% interest compounded monthly for 20 years or he can invest in an account that earns 3.6% interest compounded continuously for 20 years. Which option results in more total interest?

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Another question on Mathematics

18. Zachary wants to invest $35,000 of his retirement. He can either invest the money in an account that earns 4.8% interest compounded monthly for 20 years or he can invest in an account that
earns 3.6% interest compounded continuously for 20 years. Which option results in more total
interest?