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Your parents would like to invest s$10,000 in to a RESP. Investment A offers a 10% return compounded semiannually, and Investment B offers a 9.75%
Your parents would like to invest s$10,000 in to a RESP. Investment A offers a 10% return compounded semiannually, and Investment B offers a 9.75% return compounded continuously.
A) Which investment has a higher return over a 4-year period?
B) How long will it take for the investment to grow to $20,000 if your parents decide to invest the money into Investment B?
C) Find the instantaneous rate of change after 10 years if the money is invested in investment B.
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