Question

Use the compound interest formulas A = P(1+ r/n) nt and A = Pe^rt to solve. Suppose that you have $11,000 to invest. Which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually?
A. Both investment plans yield the same return.
B. $11,000 invested at 6.3% compounded semiannually over 10 years yields the greater return.
C. $11,000 invested at 6.25% compounded continuously over 10 years yields the greater return.

Answer 1

http://openstudy.com/study#/updates/520da7cee4b00ebc7dbe6b20

Answer 2

So i am guessing its A.?

Answer 3

Yes

Answer 4

TY

Answer 5

Np