QuestionCompare investing at 9\% compounded monthly for 25 years with investing at compounded monthly for 25 years.
The final amount after investing at is .
(Type an integer or a decimal. Round to the nearest cent as needed.)
Studdy Solution
Compare the final amounts from both investments.
- Final amount at 9%:
- Final amount at 14%:
The investment at 14% yields a significantly higher final amount compared to the investment at 9%.
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