Your aunt who died recently left you
$24000. Because of uncertainty in the stock
market you decide to invest the money for the
next 6 years in Money Market Funds. Both
Fund B0 and Fund B1 pay the same annual
nominal interest rate of 9%, but Fund B0 compounds monthly, while Fund B1 compounds
semi-annually. How much more will your investment be worth if you put the money in
Fund B0 rather than Fund B1?
1. diﬀerence = $402.11
2. diﬀerence = $399.11
3. diﬀerence = $398.11
4. diﬀerence = $401.11
5. diﬀerence = $400.11

Question

Your aunt who died recently left you
$24000. Because of uncertainty in the stock
market you decide to invest the money for the
next 6 years in Money Market Funds. Both
Fund B0 and Fund B1 pay the same annual
nominal interest rate of 9%, but Fund B0 compounds monthly, while Fund B1 compounds
semi-annually. How much more will your investment be worth if you put the money in
Fund B0 rather than Fund B1?
1. diﬀerence = $402.11
2. diﬀerence = $399.11
3. diﬀerence = $398.11
4. diﬀerence = $401.11
5. diﬀerence = $400.11

anonymous · Answer

is this a question

anonymous · Answer

ur total sum of money is 2000.55

anonymous · Answer

*24000 and 6 if u add 2000.55 to it on top of that u get more money than b0 or b1 depending which one u chose to put it in