Mathematics, 26.04.2021 06:10 becky6962

4. JESSICA HAS A DECISION TO MAKE ABOUT THE $150,000 THAT SHE INHERITED FROM HER WEALTHY AUNT. SHE CAN INVEST THE MONEY WITH MILLIONAIRE SAVINGS, WHICH PAYS 5.0%
COMPOUNDED QUARTERLY, OR SHE CAN INVEST IT WITH BILL GATES GROWTH FUND WHICH PAYS
4.8% COMPOUNDED DAILY. IF SHE PLANS TO LEAVE THE MONEY INVESTED FOR 10 YEARS, WHAT
DECISION SHOULD SHE MAKE AND WHY?

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