Which investment will earn more money, a $5000 investment for 7 years at 7% compounded annually, or a $5000 investment for 7 years compounded continuously at 6%?
Which investment will earn more money, a $5000 investment for 7 years at 7% compounded annually, or a $5000 investment for 7 years compounded continuously at 6%?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1QTD
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Which investment will earn more money, a $5000 investment for 7 years at 7% compounded annually, or a $5000 investment for 7 years compounded continuously at 6%?
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