Mathematics, 21.11.2019 13:31 gerkera88
use the compound interest formulas and a = pert to solve. suppose that you have $11,000 to invest. which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually?
a. both investment plans yield the same return.
b. $11,000 invested at 6.3% compounded semiannually over 10 years yields the greater return.
c. $11,000 invested at 6.25% compounded continuously over 10 years yields the greater return.
Answers: 2
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use the compound interest formulas and a = pert to solve. suppose that you have $11,000 to invest. w...
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