$$\text { Use the compound interest formulas } A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }$$

question 69

Multiple Choice

$$\text { Use the compound interest formulas } A = P \left( 1 + \frac { r } { n } \right) ^ { n t } \text { and } A = P e ^ { r t } \text { to solve. }$$
-Suppose that you have $10,000 to invest. Which investment yields the greater return over 6 years: 8.75% compounded continuously or 8.9% compounded semiannually?

• A)$10,000 invested at 8.75% compounded continuously over 6 years yields the greater return.
• B)Both investment plans yield the same return.
• C)$10,000 invested at 8.9% compounded semiannually over 6 years yields the greater return.

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