nt Use the correct formula: A = P (1 +) A = Pert You are considering two investments. One earns interest at 0.9% compounded bi-annually, and the other earns interest that is compounded continuously at 0.895%. You have $100,000 to invest, and plan to leave it there for 10 years. Barring changes in the interest rate, in which should you invest? What is the difference at the end of 10 years?

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A = P (1+)*
nt
Use the correct formula:
A = Pert
%3D
You are considering two investments. One earns interest at 0.9% compounded bi-annually, and the other earns
interest that is compounded continuously at 0.895%. You have $100,000 to invest, and plan to leave it there for
10 years. Barring changes in the interest rate, in which should you invest? What is the difference at the end of
10 years?
Transcribed Image Text:A = P (1+)* nt Use the correct formula: A = Pert %3D You are considering two investments. One earns interest at 0.9% compounded bi-annually, and the other earns interest that is compounded continuously at 0.895%. You have $100,000 to invest, and plan to leave it there for 10 years. Barring changes in the interest rate, in which should you invest? What is the difference at the end of 10 years?
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