Hunter invested $970 in an account paying an interest rate of 7(1)/(4)% compounded continuously. Sofia invested $970
Fantastic news! We've Found the answer you've been seeking!
Question:
Hunter invested $970 in an account paying an interest rate of 7(1)/(4)% compounded continuously. Sofia invested $970 in an account paying an interest rate of 7(5)/(8)% compounded monthly. After 6 years, how much more money would Sofia have in he account than Hunter, to the nearest dollar?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date: