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need all answers but only need full work for D and E. thanks a. Choose the investment which will earn the most interest below. O

need all answers but only need full work for D and E. thanks image text in transcribed
a. Choose the investment which will earn the most interest below. O compounded quarterly O compounded continuously Christine O'Brien, who is self-employed, wants to invest $70,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 6 years? b. How much more will the better plan earn? c. What is the effective rate in each case? d. If Ms. O'Brien chooses the plan with continuous compounding, how long will it take for her $70,000 to grow to $80,000? e. How long will it take for her $70,000 to grow to at least $80,000 if she chooses the plan with quarterly compounding? (Be careful; interest is added to the account only every quarter.) b. The difference is $ (Round to the nearest cent as needed.) c. The effective rate for investment compounded quarterly is %. (Round to the nearest hundredth as needed.) The effective rate for investment compounded continuously is %. (Round to the nearest hundredth as needed.) d. years is needed to grow $70,000 to $80,000 with continuous compound interest (Type an integer or a decimal rounded to the nearest hundredth.) e. years is needed to grow $70,000 to at least $80,000 with quarterly compound interest (Type an integer or a decimal rounded to the nearest hundredth.)

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