Question
You have two accounts with the following characteristics. Which has a lower interest rate? You invested $11,000 and would wind up with 14000 after 5
You have two accounts with the following characteristics. Which has a lower interest rate?
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You invested $11,000 and would wind up with 14000 after 5 years. This account was compounded 50 times a year.
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you invested $10,501 13000 after four years. This account was compounded continuously.
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
