A: 12% interest compounded annually B: 11% interest compounded monthly C: 10% interest compounded daily D: 9% interest compounded continuously

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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question says to rank in order the following options

A: 12% interest compounded annually
B: 11% interest compounded monthly
C: 10% interest compounded daily
D: 9% interest compounded continuously
Transcribed Image Text:A: 12% interest compounded annually B: 11% interest compounded monthly C: 10% interest compounded daily D: 9% interest compounded continuously
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