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Suppose that you have $10,000 to invest over a 3 year period. There are two accounts to choose from: 4% compounded monthly or 3.5% compounded continuously.

Respuesta :

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4% compounded monthly:  $10000(1+0.04/12)^36 = $11272.72

3.5% compounded continuously:  $10000e^[0.035*3] = $11107.11.

Which one pays the most in interest?

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