Question: Two investments are made at the same time. The first consists of investing 1790 dollars at an annual rate of interest of 10.4 percent, compounded

Two investments are made at the same time. The first consists of investing 1790 dollars at an annual rate of interest of 10.4

percent, compounded semiannually. The second consists of investing 1600 dollars at an

annual rate of interest of 10.4 percent, compounded daily. How long will

Two investments are made at the same time. The first consists of investing 1790 dollars at an annual rate of interest of 10.4 percent, compounded semiannually. The second consists of investing 1600 dollars at an annual rate of interest of 10.4 percent, compounded daily. How long will it take for the two investments to be worth exactly the same amount? (Assume compound interest at all times.) Answer = years. (Be sure to give several decimal places of accuracy!) Find the formula for f. 1%) I | Hint: Transform an exponential function with an integer base

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