Question
Paul invests $3600 in an account paying 4.85% interest compounded continuously. Charlie invests $4000 in an account paying 5.35% compounded monthly. a. Compute their account
Paul invests $3600 in an account paying 4.85% interest compounded continuously. Charlie invests $4000 in an account paying 5.35% compounded monthly.
a. Compute their account balances after 10 years
b. Compute their percent return on their investments
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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