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14. (5 points) Investment 1: You invest $3.500 at an interest rate of 4% for one year, compounded annually. Investment 2: You invest $3,500 at
14. (5 points) Investment 1: You invest $3.500 at an interest rate of 4% for one year, compounded annually. Investment 2: You invest $3,500 at an interest rate of 4% for one year, compounded continu- ously. Which of the following is TRUE about the value of the investments after one year? (n) Investment I will be worth more than Investment 2. (b) The two investments will be worth the same amount. (c) Investment 2 will be worth more than Investment 1 by approximately $3. (d) Investment 2 will be worth more than Investment 1 by approximately 3%. (e) There is not enough information to determine the relative value of the investments
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