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.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text: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.)
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