Mathematics, 20.07.2019 07:40 chicalapingpon1938
Suppose that you have $10,000 to invest over a 3 year period. there are two accounts to choose from: 4% compounded monthly or 3.5% compounded continuously. a. write the formula for the first account’s compound interest for n compoundings per year. b. write the formula for the account with continuously compounded interest. c. use the formulas and information above to solve for the balance of each investment after 3 years. d. which investment account offers a better return on your money?
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Suppose that you have $10,000 to invest over a 3 year period. there are two accounts to choose from:...
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