Question
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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A Cp-Theory Problem Book Functional Equivalencies
Authors: Vladimir V Tkachuk
1st Edition
3319243853, 9783319243856
