Question

Please assist me with those investment problems​

Answer 1

Answer:

• A: $2267.07
• B: $2241.10
• A has a higher value

Step-by-step explanation:

The attachment shows the calculator entries and results. It is a matter of putting the given values into the formula and doing the arithmetic.

Answer 2

Answer:

Option A)

2000×((1 + 0.042/4)^(4×3))

= $2267

Option B)

2000×((1 + 0.038/12)^(12×3))

= $2241

Option A has higher value after 3 years