How Much More Interest Will Be Earned If $6000 Is

question 55

Multiple Choice

How much more interest will be earned if $6000 is invested for 6 years at an annual rate of 9% compounded continuously, instead of at 9% compounded quarterly?

• A)$20.72
• B)$40.72
• C)$61.44
• D)$994.60
• E)$1035.32

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