Use the compound interest formulas A = Pnt and  to solve.Suppose that you have $3000 to invest. Which investment yields the greater return over 5 years: 7.5% compounded continuously or 7.6% compounded semiannually?

A. Both investment plans yield the same return.
B. $3000 invested at 7.6% compounded semiannually over 5 years yields the greater return.
C. $3000 invested at 7.5% compounded continuously over 5 years yields the greater return.


Answer: C

Mathematics

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