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maymaaz
29.01.2020 •
Mathematics
Suppose you have $11000 to invest. which of the two rates would yield the larger amount in 5 years: 6% compounded monthly or 5.86% compounded continuously?
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Ответ:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
Ответ:
p / 5500 = 55 / 100