Which is a better deal?
6.5 compounded continuously for 7 years is a better investment than 7.5% compounded continuously for 5.5 years?
Also, how much would need to be put into an account paying 8% compounded monthly in order to have $ 1000 in 5 years?
Is 4.5% compounded monthly for 15 years than 6.5% compounded monthly for 11 years?
How much money would need to be invested in an account paying 5% compounded continuously to have $1000 in 5 years? Round to the nearest dollar.
How much money would you need to put into an account paying 12% compounded continuously in order to have $3000 in 4 years?
Thank you so much for the help.
6.5 compounded continuously for 7 years is a better investment than 7.5% compounded continuously for 5.5 years?
Also, how much would need to be put into an account paying 8% compounded monthly in order to have $ 1000 in 5 years?
Is 4.5% compounded monthly for 15 years than 6.5% compounded monthly for 11 years?
How much money would need to be invested in an account paying 5% compounded continuously to have $1000 in 5 years? Round to the nearest dollar.
How much money would you need to put into an account paying 12% compounded continuously in order to have $3000 in 4 years?
Thank you so much for the help.