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Posted on Jun 30, 2024

How much more interest is earned if $8000 is invested for 9 years at 7% compounded continuously versus 7% compounded quarterly? Write your final answer

How much more interest is earned if $8000 is invested for 9 years at 7% compounded continuously versus 7% compounded quarterly? Write your final answer in a complete sentence using appropriate rounding and units.

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Recommended Textbook for

Principles of Economics

Authors: Gregory Mankiw

7th edition

978-1285165875

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