Which investment results in the greatest total amount? A. $4,000 invested for 5 yrs compounded semi-annually at 7%. B. $6,000 invested for 4 years compounded quarterly at 3.2%. Note: Please find the total amount of each investment and round to the nearest cent as needed.
option B result... View the full answer
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- Apr 02, 2018 at 10:43am
- Apr 02, 2018 at 10:50am
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A = P(1 + r/n)nt A) Here P=4000 r=0.07 n=2 t=5 on putting this is in A we get A=... View the full answer