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Q1: I invested $8110 for 19 months at 3.23% compounded monthly and 6.43% compounded semi-annually for 2 years. What is the future value of this
Q1: I invested $8110 for 19 months at 3.23% compounded monthly and 6.43% compounded semi-annually for 2 years. What is the future value of this investment?
Q2: Big Stan has a choice of two different investment options. The first is to invest $14562 at 7% compounded continuously. The second is to invest $15359 at 6% compounded monthly. After 2 years, write down the economic value of the larger amount of the two.
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