Question
Hunter invested $970 in an account paying an interest rate of 7(1)/(4)% compounded continuously. Sofia invested $970 in an account paying an interest rate of
Hunter invested $970 in an account paying an interest rate of 7(1)/(4)% compounded continuously. Sofia invested $970 in an account paying an interest rate of 7(5)/(8)% compounded monthly. After 6 years, how much more money would Sofia have in he account than Hunter, to the nearest dollar?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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