1. If $1,000 is invested at 8%, and you have the option to compound: (a) annually, (b) semiannually, (c) quarterly, or (d) monthly, which
1. If $1,000 is invested at 8%, and you have the option to compound: (a) annually, (b) semiannually, (c) quarterly, or (d) monthly, which one would you choose and why? 2. How frequently is the interest compounded in a continuous compound interest invest- ment?
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Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
