Question:

Suppose an investment account is opened with an initial

Last updated: 8/11/2022

Suppose an investment account is opened with an initial

Suppose an investment account is opened with an initial deposit of $12,000 earning 7.2% interest compounded continuously. How much will the account be worth after 30 years? How much less would the account from the first exercise be worth after 30 years if it were compounded monthly instead?