Mathematics, 09.04.2020 04:34 yessijessiHaley
Morris has $1,000 to invest. He is considering two investment options. Option A pays 0.5% simple interest. Option B pays 0.75% interest compounded annually. What is the value of each investment option at 5 years?
Answers: 1
Mathematics, 21.06.2019 20:10, morgantisch25
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
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Morris has $1,000 to invest. He is considering two investment options. Option A pays 0.5% simple int...
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