Question: 8 Course Home ' 0 Do Homework 4.6 Applications and Models of Expone... 0 Use the Precalculus 1 Owasso Question 8, 4.6.29 Part 2 of

8 Course Home ' 0 Do Homework 4.6 Applications and Models of Expone... 0 Use the Precalculus 1 Owasso Question 8, 4.6.29 Part 2 of 2 > Homework: 4.6 Applications and Models of Exponential (CODY) An employee wants to invest $50,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.25% compounded continuously. (a)~ Which investment will earn more interest in 4 yr'? (b) How much more will the better plan earn? w (a) After 4 years. the 6% compounded quarterly plan will earn more interest. (b) The better plan will earn $Q more. (Round to the nearest cent as needed.)

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