Mathematics, 17.04.2020 18:42 joshtrice5879

Samuel wants to deposit $4,000 and keep that money in the bank without deposits or
withdrawals for three years. He compares two different options. Option 1 will pay 3.8%
interest, compounded quarterly. Option 2 will pay 3.5% interest, compounded
continuously.
a. How much interest does Option 1 pay?
b. How much interest does Options 2 pay?

Answers: 3

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Samuel wants to deposit $4,000 and keep that money in the bank without deposits or
withdrawals...