Question: Use the compound interest formulas and A = Pert to solve Exercises 5356. Round answers to the nearest cent. Suppose that you have $6000 to

Use the compound interest formulas A = P(1 n nt and A = Pert to solve Exercises 53–56. Round answers to the nearest cent.

Suppose that you have $6000 to invest. Which investment yields the greater return over 4 years: 8.25% compounded quarterly or 8.3% compounded semiannually?

A = P(1 n nt

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