xyxenpaiz5156 xyxenpaiz5156

11-07-2024
Business

Answered

Suppose you have $14,000 to invest. Which of the two rates would yield the larger amount in 2 years : 10% compounded monthly or 9.93% compounded continuously? Which of the two rates would yield the larger amount in 2 years?

a. 9.93% compounded continuously
b. 10% compounded monthly

Answer :

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