From science to arts, IDNLearn.com has the answers to all your questions. Discover reliable and timely information on any topic from our network of experienced professionals.

A $1200 investment earns interest at a rate of 6.12% per annum, compounded monthly. Another investment of $1800 earns interest at a rate of 4.15% per annum, compounded semi-annually. How long, if ever, will it take for the lower initial investment to be worth more than the higher one?

Sagot :

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.