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You have $ 16,400 to invest today. The annual rate of interest is 8.1% Consider what your investment will be worth in 2 years. 1. At the end of the story, how much more would you have if compounding was every six months rather than annually? A Between 40.0 and 52.0 B Between 52.0 and 64.0 C Between 64.0 and 76.0 D Between 76.0 and 88.0 2. At the end of the story, how much more would you have if compounding was monthly rather than just annually? A Between 40.0 and 66.0 B Between 66.0 and 82.0 C Between 82.0 and 98.0 D Between 98.0 and 114.0

You have $ 16,400 to invest today. The annual rate of interest is 8.1% Consider what your investment will be worth in 2 years. 1. At the end of the story, how much more would you have if compounding was every six months rather than annually? A Between 40.0 and 52.0 B Between 52.0 and 64.0 C Between 64.0 and 76.0 D Between 76.0 and 88.0 2. At the end of the story, how much more would you have if compounding was monthly rather than just annually? A Between 40.0 and 66.0 B Between 66.0 and 82.0 C Between 82.0 and 98.0 D Between 98.0 and 114.0

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You have $ 16,400 to invest today. The annual rate of interest is 8.1% Consider what your investment will be worth in 2 years. 1. At the end of the story, how much more would you have if compounding was every six months rather than annually? A Between 40.0 and 52.0 B Between 52.0 and 64.0 C Between 64.0 and 76.0 D Between 76.0 and 88.0 2. At the end of the story, how much more would you have if compounding was monthly rather than just annually? A Between 40.0 and 66.0 B Between 66.0 and 82.0 C Between 82.0 and 98.0 D Between 98.0 and 114.0
Transcribed Image Text:You have $ 16,400 to invest today. The annual rate of interest is 8.1% Consider what your investment will be worth in 2 years. 1. At the end of the story, how much more would you have if compounding was every six months rather than annually? A Between 40.0 and 52.0 B Between 52.0 and 64.0 C Between 64.0 and 76.0 D Between 76.0 and 88.0 2. At the end of the story, how much more would you have if compounding was monthly rather than just annually? A Between 40.0 and 66.0 B Between 66.0 and 82.0 C Between 82.0 and 98.0 D Between 98.0 and 114.0
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