Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months (Round to 2 decimal a) 11% compounded continuously would be worth $ places.) b) 12% compounded every 4 months would be worth $ places.) c) 11% compounded continuously would be worth more O 12% compounded every 4 months would be worth more The would be worth the same. (Round to 2 decimal
Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months (Round to 2 decimal a) 11% compounded continuously would be worth $ places.) b) 12% compounded every 4 months would be worth $ places.) c) 11% compounded continuously would be worth more O 12% compounded every 4 months would be worth more The would be worth the same. (Round to 2 decimal
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Question
![Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded
continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months
(Round to 2 decimal
a) 11% compounded continuously would be worth $
places.)
b) 12% compounded every 4 months would be worth $
places.)
c)
11% compounded continuously would be worth more
12% compounded every 4 months would be worth more
O The would be worth the same.
(Round to 2 decimal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F57a80892-6d38-4c33-b12d-e676cd98c4f8%2Fb216e67c-2a79-46a5-9d5f-a7c7ad503871%2Fruios38_processed.png&w=3840&q=75)
Transcribed Image Text:Which investment will earn more money, a $1,000.00 investment for 6 years at 11% compounded
continuously or a $1,000.00 investment for 6 years at 12% compounded every 4 months
(Round to 2 decimal
a) 11% compounded continuously would be worth $
places.)
b) 12% compounded every 4 months would be worth $
places.)
c)
11% compounded continuously would be worth more
12% compounded every 4 months would be worth more
O The would be worth the same.
(Round to 2 decimal
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