Question: Use the formulas to solve this exercise. You decide to invest $8000 for 3 years at an annual rate of 8%. How much more is

Use the formulas

nt A = P(1 + 2) n and A Pert = to solve this exercise. You decide to invest $8000 for 3 years at an annual rate of 8%. How much more is the return if the interest is compounded continuously than if it is compounded monthly? Round to the nearest dollar.

nt A = P(1 + 2) n and A Pert =

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