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Hannah has two options to invest $1000. Option 1: an account that earns 6.5%...
Mathematics, 21.03.2020 03:12 leylaanddade
PLEASE HEL
Hannah has two options to invest $1000. Option 1: an account that earns 6.5% annual interest compounded continuously for 12 years. Option 2: an account that earns 4.8% annual interest compounded for 18 years. Which option will earn Hannah the most amount of money?
Hannah should select the first option, because she will earn money in only years, which is sooner than having to wait for years and a total of money, which is only a little than the first option.
Answers: 3
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