Calculate amount after six years from the initial deposit

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Reference no: EM131859696

1. Sandra deposit $27,800 to 15 per cent of compound interest every two months, for 2 years. After that time, transfers the amount to an account that pays 10% compounded continuously. Calculate the amount after 6 years from the initial deposit of $27,800.

2. David has access to an investment that pays 17.75% of compound interest in a continuous way. What will be better, receive $60.000 now to take advantage of this investment opportunity or $69.200 within 8 months?

Reference no: EM131859696

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