Which one is the better investment? Show your calculations. Did your opinion of Nathanβs statement from earlier change? If so, what is your opinion now?
Your friend Nathan tells you that it is always best to invest in accounts that accumulate interest with continuous interest. What are your initial thoughts about Nathanβs statement?Given π = $1000, π = 10%, and π‘ = 2 π¦ππππ , calculate interest for an account using simple interest, interest compounded annually, semiannually, quarterly, monthly, and continuously.After […]