Asked by Maame

Franco invests some money at 6.9%/a compounded annually and David
invests some money at 6.9%/a compounded monthly. After 30 years, each
investment is worth $25 000. Who made the greater original investment and
by how much?
Answered by Reiny
Franco:
f(1.069)^30 = 25000
f = 3377.60
David:
d(1.00575)^360 = 25000
d = 3173.40
Answered by Anonymous
The difference between Franco and David is 173.25
Answered by PAM
08062670091