Asked by Janell
Adam wants to invest $80,000 in a pension plan. One investment offers 7% compounded quarterly. Another offers 6.5% compounded continuously. Which investment will earn more interest in 10 years?
Answers
Answered by
Steve
compare
(1+.07/4)^4
and
e^0.065
That gives the interest in one year. The greater here will also be greater in 10 years.
(1+.07/4)^4
and
e^0.065
That gives the interest in one year. The greater here will also be greater in 10 years.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.