Use the compound interest formulas to solve Exercises 23-25. Suppose you have $3000 to invest. Which investment

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Use the compound interest formulas to solve Exercises 23-25.

Suppose you have $3000 to invest. Which investment yields the greater return over 10 years: 6.5% compounded semiannually or 6% compounded continuously? How much more (to the nearest dollar) is yielded by the better investment?

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: Jun 12, 2023 03:38 AM

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Use the compound interest formulas to solve Exercises 23-25. Suppose you have $3000 to invest. Which investment

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65 compounded semiannually 210 0065 ...View the full answer

College Algebra

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