Solve the problem.Suppose that you have $3000 to invest. Which investment yields the greater return over 8 years: 7.5% compounded continuously or 7.6% compounded semiannually?

A. $3000 invested at 7.6% compounded semiannually over 8 years yields the greater return.
B. $3000 invested at 7.5% compounded continuously over 8 years yields the greater return.
C. Both investment plans yield the same return.


Answer: B

Mathematics

You might also like to view...

Solve the problem.The speed of a stream is 5 mph. If a boat travels  downstream in the same time that it takes to travel  upstream, what is the speed of the boat in still water?

A. 15 mph B. 18 mph C. 17 mph D. 10 mph

Mathematics

Find the domain of the given function.f(x) = 

A. (-?, ?) B. (-?, 3] C. (-?, 0) ? [3, ?) D. (-?, 3) ? (3, ?)

Mathematics

Solve.One number is one larger than another positive number. If the reciprocal of the smaller number is multiplied by the reciprocal of the larger number, the product is . Find the two numbers.

A. 3, 4 B. 4, 5 C. 6, 7 D. 5, 6

Mathematics

Determine whether the graph of the polynomial has y-axis symmetry, origin symmetry, or neither.f(x) = x4 - 9x2

A. y-axis symmetry B. origin symmetry C. neither

Mathematics