Christine O'Brien, who is self - employed, wants to invest $ 8 0 , 0 0 0
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Question:
Christine O'Brien, who is selfemployed, wants to invest $ in a pension plan. One investment offers compounded quarterly Another offers compounded continuously
a Which investment will earn the most interest in years?
b How much more will the better plan earn?
c What is the effective rate in each case?
d If Ms O'Brien chooses the plan with continuous compounding, how long will it take for her $ to grow to $ e How long will it take for her $ to grow to at least $ if she chooses the plan with quarterly compounding?
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