Use the periodic compound interest formula to solve the problem.Suppose that you have $8000 to invest. Which investment yields the greater return over 4 years: 6.6% compounded monthly or 6.7% compounded quarterly?

A. $8000 invested at 6.7% compounded quarterly over 4 years yields the greater return.
B. $8000 invested at 6.6% compounded monthly over 4 years yields the greater return.
C. Both investment plans yield the same return.


Answer: A

Mathematics

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Write the expression using exponential notation. Then identify the base and the exponent.x ? x ? x ? x

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