How much more does $1,000 earn in eight years, compounded daily at 5%, than $1,000 over eight

Question:

How much more does $1,000 earn in eight years, compounded daily at 5%, than $1,000 over eight years at 5%, compounded semiannually?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: