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Which of the given interest rates and compounding periods would provide the better investment?a. $5 \frac{1}{8} \%$ per year, compounded semiannuallyb. $5 \%$ per year, compounded continuously
Investment a)
Algebra
Chapter 4
Exponential and Logarithmic Functions
Section 2
The Natural Exponential Function
Oregon State University
McMaster University
Harvey Mudd College
University of Michigan - Ann Arbor
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in this question for party, we are told that the interest rate is 51 upon eight person about Sami and ready. That's equal do 5.125% on amount Wana be be times one place are upon 200 days to do. That's because their dresses compound except me. And so we plug in all the values on get investment eyes B Times 1.0 do 56 to 5 days to duty, not equal Duke NYTimes 1.51 96 x 406 days to be and so bad we were told. The five person interest rates compounded country nicely. The formula is one of the e, the 2.0 fighting that gives us the amount as we times 1.51271 Tito 94 days to day and we see that in part, we get a higher amount there for about eight provides better investment options
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