Ask Question
18 January, 16:50

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.

+1
Answers (1)
  1. 18 January, 19:49
    0
    4% compounded monthly: $10000 (1+0.04/12) ^36 = $11272.72

    3.5% compounded continuously: $10000e^[0.035*3] = $11107.11.

    Which one pays the most in interest?
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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% ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers