Mathematics, 01.12.2021 07:20 breadwonders3738
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $7,000, annual interest: 7%, interest periods: 2, number of years: 17
MR
After 17 years, the investment compounded periodically will be worth $
(Round to two decimal places as needed.)
more than the investment compounded annually.
Answers: 1
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Compare the investment below to an investment of the same principal at the same rate compounded annu...
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