Jerome wants to invest $20,000 as part of his retirement

Last updated: 7/28/2022

Jerome wants to invest $20,000 as part of his retirement plan. He can invest the money at 5.1% simple interest for 32 yr, or he can invest at 3.7% interest compounded continuously for 32 yr. Which investment plan results in more total interest? 3.7% interest compounded continuously 5.1% simple interest