In 3336, how much more would you earn in the first investment than in the second
Chapter 8, Problem 36(choose chapter or problem)
In Exercises 33 – 36, how much more would you earn in the first investment than in the second investment? Round answers to the nearest dollar.
- $20,000 invested for 30 years at 12% compounded annually
- $20,000 invested for 30 years at 6% compounded monthly
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