Natalia Sanchez can invest $20,000 at either 4.5% compounded daily for 4 yes compounded monthly for 4 years. Based on an annual percen

Question

Natalia Sanchez can invest $20,000 at either 4.5% compounded daily for 4 yes
compounded monthly for 4 years. Based on an annual percentage yield, which is
better investment?

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Sarah 1 week 2021-11-25T20:22:10+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-11-25T20:23:27+00:00

    Answer:

    compounded daily

    Step-by-step explanation:

    20000×(1+(\frac{0.045}{365})³⁶⁵ˣ⁴= $2394.41

    20000×(1+(\frac{0.045}{12})¹²ˣ⁴= $2393.63

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45:7+7-4:2-5:5*4+35:2 =? ( )