an employee wants to invest $50,000 in a pension plan. One investment offers 5%

compounded quarterly Another offers 4.75%

compounded continuously.

(a) Which investment will earn more interest in 4yr?

(b) How much more will the better plan earn?

After 4 years will 5% or 4.75 % will earn more interest.

(b) The better plan will earn how much more