You invested $24031 for 13 years at 4.89% per annum. How much more would you receive at the end of the period if the money invested is compounded monthly rather than compounded annually? A 1221 B 619 C 307 D 381 (E) 1038

You invested $24031 for 13 years at 4.89% per annum. How much more would you receive at the end of the period if the money invested is compounded monthly rather than compounded annually? A 1221 B 619 C 307 D 381 (E) 1038

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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