anyahpattersonapril4 anyahpattersonapril4

06-10-2022
Mathematics

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PLEASE HELP!

Suppose you have $14,000 to invest. Which of the two rates would yield the larger
amount in 5 years: 8% compounded monthly or 7.91% compounded continuously?

A. 8% compounded monthly
B. 7.91% compounded continuously
C. They are equal
D. Not enough information provided

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