3 years ago

27. Reason Adam invests $8,000 in an account that

Mathematics

1 answer:

USPshnik [31]3 years ago

7 0

Answer:

Jacinta will have more money

Step-by-step explanation:

For the same amount of investment and interest rate, compound interest is greater with greater number of compounds.
Continuous compound is closer to daily compound which makes more compounds and returns than quarterly compound.

The interest amount is provided below for quarterly and daily compound:

2,268.20
2,307.89

Jacinta will have more money

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