You are trying to raise money for college. You have $1000 right now to invest into an

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You are trying to raise money for college. You have $1000 right now to invest into an account. You have two options for accounts:Option 1: An account that pays 12% interest compounded quarterly.
Option 2: An account that pays 6% interest compounded continuously.

Which option will give you the most money after 2 years? Use numerical calculations and words to justify your answer.

Related Book For answer-question

Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: May 19, 2023 01:43 AM

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You are trying to raise money for college. You have $1000 right now to invest into an

Question:

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Introduction To Corporate Finance

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