Mathematics, 19.11.2020 05:00 brandontru
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1. Gregory may choose between two accounts in which to invest $5500. Account A offers 2.33% annual interest compounded monthly. Account B offers continuous compound interest. Greg plans to leave his investment untouched (no further deposits and no withdrawals) for 10 years. No Work = No Credit
(a) Which account will yield the greater balance at the end of 10 years?
(b) How much more money does Greg earn by choosing this more profitable account?
Answers: 2
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1. Gregory may choose between two accounts in which to invest $5500. Account A offers 2.33% an...
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