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Posted on Jul 15, 2024

By what date will $800 deposited on February 4, 2014, be worth at least $1200 a) at 6% compounded daily; b) at 6% compounded continuously?

By what date will $800 deposited on February 4, 2014, be worth at least $1200 a) at 6% compounded daily; b) at 6% compounded continuously?

Shirley must borrow $1000 for 2 years. She is offered the money at a) 8% compounded continuously; b) 8 1/4% compounded semi-annually; c) 8 1/2 simple interest. Which offer should she accept?

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