Math  /  Calculus

QuestionSuppose you have $12,000\$ 12,000 to invest. Which of the two rates would yield the larger amount in 4 years: 7%7 \% compounded daily or 6.90%6.90 \% compounded continuously?
Which of the two rates would yield the larger amount in 4 years? 6.90%6.90 \% compounded continuously 7%7 \% compounded daily

Studdy Solution
The investment with **7% compounded daily** yields a larger amount after 4 years.

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