Solution-Determining the compounded monthly

Determining the compounded monthly

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Reference no: EM131280421

Discuss which would be a better investment if you were investing for a period of 5 years. Please provide all details.
- Option 1: $2000 invested at 6% compounded quarterly
- Option 2: $2000 invested at 2% compounded continuously
You just had a baby and want to invest for his college tuition. You found two different accounts: In account one you have to invest $2500 at 2% compounded monthly.In account two, you have to invest $2000 at 4% compounded annually. If you predict that your child will be entering college in 17 years, which account would produce more interest over that time?

Reference no: EM131280421

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Determining the compounded monthly : You just had a baby and want to invest for his college tuition. You found two different accounts: In account one you have to invest $2500 at 2% compounded monthly.In account two, you have to invest $2000 at 4% compounded annually. If you predict t..

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Determining the compounded monthly

Reference no: EM131280421

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