Which investment will earn more money, a $1,000.00 investment for 4 years at 9% compounded continuously or a $1,000.00 investment for 4 years at 10.5% compounded every 2 months?
a) 9% compounded continuously would be worth $1,411.58. (Round to 2 decimal places.)
b) 10.5% compounded every 2 months would be worth $1,464.10. (Round to 2 decimal places.)
c) 9% compounded continuously would be worth more.
d) 10.5% compounded every 2 months would be worth more.
e) They would be worth the same.