Esmecamachoc23 Esmecamachoc23

24-02-2020
Mathematics

contestada

Natalia Sanchez can invest $20,000 at either 4.5% compounded daily for 4 yes
compounded monthly for 4 years. Based on an annual percentage yield, which is
better investment?

Respuesta :

madsquith04 madsquith04

24-02-2020

Answer:

compounded daily

Step-by-step explanation:

20000×(1+([tex]\frac{0.045}{365}[/tex])³⁶⁵ˣ⁴= $2394.41

20000×(1+([tex]\frac{0.045}{12}[/tex])¹²ˣ⁴= $2393.63

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