Mathematics, 16.12.2020 22:20 babas97

21. How much more would $1,000 earn in 5 years in an account compounded continuously than in an accounts compounded quarterly if the interest rate on both accounts is $3.7%?
a.
$1.02
$36.10
b. $86.40
d. $51.07
C.

Answers: 2

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21. How much more would $1,000 earn in 5 years in an account compounded continuously than in an accounts compounded quarterly if the interest rate on both accounts is $3.7%? a. $1.02 $36.10 b. $86.40 d. $51.07 C.

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Another question on Mathematics

21. How much more would $1,000 earn in 5 years in an account compounded continuously than in an accounts compounded quarterly if the interest rate on both accounts is $3.7%?
a.
$1.02
$36.10
b. $86.40
d. $51.07
C.