Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. which investment would be worth the most after 20

Which investment would be worth the most after 20 years?An initial investment of $3000 compounded...

60.1K

Verified Solution

Question

Algebra

image

Which investment would be worth the most after 20 years?An initial investment of $3000 compounded annually at a rate of 12% after 20 years.An initial investment of $3000 compounded quarterly at a rate of 11.9% after 20 years.An initial investment of $3000 compounded continuously at a rate of 11.8% after 20 years.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Thornton Industries began construction of a warehouse on July 1,2018. The project was completed...

Physics
1.2K views

1) Two particles with charges q1 = -6 μC and q2 = 2 μC, respectively, situated...

Psychology
1.2K views

When your friends went through break up and they are feeling insecure and have low self-esteem....

Economics
1.2K views

What is the optimal price cap for a government to impose on a monopoly? Why?

General Management
1.2K views

Describe an organization’s reasonable approach for handling upset customers respectfully and in a manner that results in...

Basic Math
1.2K views

A tire is rotating 360 times per min. Through how many degrees does a point...

Basic Math
1.2K views

Malik, the business manager of a company that produces in-ground outdoor spas, determines that the...

Calculus
1.2K views

Find the directional derivative of f at the given point in the direction indicated by...

Algebra
1.2K views

3 Determine the unknown length Round to the nearest hundredth 20 15 m

Accounting
1.2K views

On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable...

Accounting
1.2K views

Problem 9-20 MIRR (LO6] Solo Corp. Is evaluating a project with the following cash flows:...

Finance
1.2K views

Compute the payback statistic for Project A if the appropriate cost of capital is 9...