Goodwin

Mathematics

17 December, 16:15

Suppose you have $10,000 to invest. Which investment yields the greater return over 7 years: 6.6% compounded monthly or 6.7% compounded quarterly?

A) Both investment plans yield the same return.

B) $10,000 invested at 6.6% compounded monthly over 7 years yields the greater return.

C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.