IDNLearn.com provides a seamless experience for finding and sharing answers. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.
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 are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. For precise answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.