Use the compound interest formulas A = P
nt and A = Pert to solve.Suppose that you have $4000 to invest. Which investment yields the greater return over 6 years: 7.5% compounded continuously or 7.6% compounded semiannually?
A. Both investment plans yield the same return.
B. $4000 invested at 7.6% compounded semiannually over 6 years yields the greater return.
C. $4000 invested at 7.5% compounded continuously over 6 years yields the greater return.
Answer: C
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Solve the problem.Jose is going to invest up to $24,000 in a savings account, bonds, or both. He wants to invest from $2000 to $11,000 in the savings account at interest. The bonds will be insured up to
so Jose doesn't want to invest more than that amount in bonds which will earn
What will be the maximum amount of interest that Jose could earn?
A. $1125 B. $1155 C. $1320 D. $1200
The line graph shows the recorded hourly temperatures in degrees Fahrenheit at an airport. Use the graph to answer the question.At what time was the temperature 72°?
A. 9 a.m. and 10 a.m. B. 10 a.m. C. 6 p.m. D. 9 a.m.
Find the quotient. ÷
A.
B.
C.
D.
Find all values that make the expression undefined.
A.
B. 7
C. 7, -7
D. 49