Mathematics, 01.03.2021 09:50 chanel2371
Compare the investment below to an investment of the same principal at the same rate compounded annually.
principal: $6,000, annual interest: 8%, interest periods: 4, number of years: 13
After 13 years, the investment compounded periodically will be worth $
(Round to two decimal places as needed.)
more than the investment compounded annually.
Answers: 2
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