Determine which investment would produce a greater amount if you invested $120,000 at 5.7% for 25 years, compounded monthly versus continuously.  How much more money you would receive? A=P(1+rn)nt    or   A=Pert  what is this compounded monthly What is this compounded continuously which account would yield more  how much more money would you receive

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Determine which investment would produce a greater amount if you invested $120,000 at 5.7% for 25 years, compounded monthly versus continuously.  How much more money you would receive?

A=P(1+rn)nt    or   A=Pert 

what is this compounded monthly

What is this compounded continuously

which account would yield more 

how much more money would you receive 

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