Mathematics, 29.01.2021 02:20 olivia0420
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $4,000, annual interest: 6%, interest periods: 12, number of years: 16
After 16 years, the investment compounded periodically will be worth $
(Round to two decimal places as needed)
more than the investment compounded annually.
Answers: 1
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Compare the investment below to an investment of the same principal at the same rate compounded annu...
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