Mathematics, 13.03.2021 01:00 ValerieRubyPena
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $7,000, annual interest: 9%, interest periods: 4. number of years: 15
After 15 years, the investment compounded periodically will be worth $
more than the investment compounded annually.
Answers: 3
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