6. Exponential & Logarithmic Functions
Introduction to Exponential Functions
7:10 minutes
Problem 10
Textbook Question
Textbook QuestionUse the compound interest formulas to solve Exercises 10–11. Suppose that you have $5000 to invest. Which investment yields the greater return over 5 years: 1.5% compounded semiannually or 1.45% compounded monthly?
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