You have $ 11,600 to invest today.
The annual rate of interest is 8.8%
Consider what your investment will be worth in 2 years.
1. At the end of the story, how much more would you have if
compounding was every six months rather than annually?
A Between 40.0 and 52.0
B Between 52.0 and 64.0
C Between 64.0 and 76.0
D Between 76.0 and 88.0
2. At the end of the story, how much more would you have if
compounding was monthly rather than just annually?
A Between 40.0 and 66.0
B Between 66.0 and 82.0
C Between 82.0 and 98.0
D Between 98.0 and 114.0