<span>A = P(1+r/n)^(nt)</span>
annually:
quarterly:
A = 22,000 ( 1 + 0.0525/1 )^10 = 36,698.11
A = 22,000 ( 1 + 0.0525/4 )^(4*10 ) = 37,063.29
37,063.29 - 36,698.11 = 365.18
answer: compound interest quarterly earned $365.18 more than annually
Answer:
Step-by-step explanation:
Basically your gonna break up both numbers into smaller numbers and add them to get the same answer
