During your final semester in your program you begin to seek employment. Two companies offer you jobs at the same salary. The only difference between the jobs in the retirement packages offered. Company A will put $10,000 in an investment account for your retirement that will grow at a rate of 10% compounded continuously. Company B says the will open up a bank account for your retirement using the following formula: . To access the money, both companies say that you must work for them for at least 10 years.
1. If you plan to only work for 10 years, which company would you choose?