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OpenStudy (anonymous):
You have 15,000 to invest. You are able to leave your investment untouched for 12 years. Which would be the better investment? How much more will you make? ORCA Investment: Invest with us and your money will earn 9% interest, Compounded quarterly. or Money Tree, Your Investment will earn 8.5% interest, Compounded daily.
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OpenStudy (raffle_snaffle):
Okay so use i = r/m r = nominal interest rate i = effective interest rate m = period
OpenStudy (raffle_snaffle):
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