How much more would you earn in the first investment than in the second investment? $47,000 invested for 50 years at 12% compounded annually $47,000 invested for 50 years at 6% compounded monthly i Click the icon to view some finance formulas. ... You would earn $ more on the first investment than in the second investment. (Round to the nearest dollar as needed.)
How much more would you earn in the first investment than in the second investment? $47,000 invested for 50 years at 12% compounded annually $47,000 invested for 50 years at 6% compounded monthly i Click the icon to view some finance formulas. ... You would earn $ more on the first investment than in the second investment. (Round to the nearest dollar as needed.)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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