Suppose that you have $4000 to invest. Which investment yields the greater return over a 10 year period: 7.83% compounded daily or 7.9% compounded quarterly?

Find the total amount of the investment after 10 years if $4000 is invested at 7.83% compounded daily.

Question

07-12-2022
Mathematics

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Suppose that you have $4000 to invest. Which investment yields the greater return over a 10 year period: 7.83% compounded daily or 7.9% compounded quarterly?

Find the total amount of the investment after 10 years if $4000 is invested at 7.83% compounded daily.

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