Comparing IRA Investments Will invests $2000 in his IRA in a bond trust that pays 5%

Chapter 6, Problem 65

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Comparing IRA Investments Will invests $2000 in his IRA in a bond trust that pays 5% interest compounded semiannually. His friend Henry invests $2000 in his IRA in a certificate of deposit that pays compounded continuously. Who will have more money after 20 years, Will or Henry?

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