Suppose that you have $4000 to invest. Which investment yields the greater return over 9 years:
7.5% compounded continuously or 7.6% compounded semiannually?
Aboth investment plans yield the same return
B$4000 invested at 7.6% compounded semiannually over 9 years yields the greater return.
C$4000 invested at 7.5% compounded continuously over 9 years yields the greater return.
7.5% compounded continuously or 7.6% compounded semiannually?
Aboth investment plans yield the same return
B$4000 invested at 7.6% compounded semiannually over 9 years yields the greater return.
C$4000 invested at 7.5% compounded continuously over 9 years yields the greater return.