Mathematics, 22.01.2021 23:40 phancharamachasm
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $1,000, annual interest: 9%, interest periods: 12, number of years: 11
After 11 years, the investment compounded periodically will be worth $
(Round to two decimal places as needed.)
more than the investment compounded annually.
Please hurry
Answers: 1
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Compare the investment below to an investment of the same principal at the same rate compounded annu...
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