Question: Which plan is better? How much more would it pay? Plan A: Invest $1000 at 4% compounded quarterly for 3 yr Plan B: Invest $1000
Which plan is better? How much more would it pay?
Plan A: Invest $1000 at 4% compounded quarterly for 3 yr
Plan B: Invest $1000 at 3.9% compounded monthly for 3 yr
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To determine which plan is better we need to compare the total amount earned from each plan after 3 ... View full answer
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