Which investment will earn more money, a $1000 investment for 5 years at 8% compounded annually or

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Which investment will earn more money, a $1000 investment for 5 years at 8% compounded annually or a $1000 investment for 5 years compounded continuously at 7%?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:33 AM

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Which investment will earn more money, a $1000 investment for 5 years at 8% compounded annually or

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P 1000 r m 008 mt 5 S 1000 1 008 5 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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