Lauren F.

asked • 10/23/17

Decide which plan is better/word problem

A. Plan A -- $40,000 invested for 3 years at 1.5% compounded quarterly. Compound Interest   A=P(1+r/m)^n
B. Plan B -- $40,000 invested for 3 years at 1.4%, compounded continuously. A=Pe^rt

Mark M.

The formula is given in A.
Substitute the values in A. and B. and compare.
Report

10/23/17

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