Gregory may choose between two accounts in which to invest $5000. account a offers 2.3% annual interest compounded monthly. account b offers continuous compound interest. greg plans to leave his investment untouched (no further deposits and no withdrawals) for 10 years.

need calculating account b's balance

Step-by-step explanation:

If we calculate the Amount with both type of interest, we have:

Annual interest compounded monthly:

This means that with this interest, after 10 years he will get $6,291.61.

Continuous compound interest:

Meaning that Gregory will get 6,293.

As you can see, it's not a big difference, only $2 more, but it's still better.

(Image attached are formulas with the variables meanings)

< 6 cm to > 26 cm i believe

step-by-step explanation: