Wednesday

July 30, 2014

July 30, 2014

Posted by **Maame** on Saturday, May 26, 2012 at 11:05am.

invests some money at 6.9%/a compounded monthly. After 30 years, each

investment is worth $25 000. Who made the greater original investment and

by how much?

- MAAAATTTTHHHHHH -
**Reiny**, Saturday, May 26, 2012 at 3:00pmFranco:

f(1.069)^30 = 25000

f = 3377.60

David:

d(1.00575)^360 = 25000

d = 3173.40

- MAAAATTTTHHHHHH -
**Anonymous**, Tuesday, January 28, 2014 at 7:12pmThe difference between Franco and David is 173.25

- MAAAATTTTHHHHHH -
**Peter**, Tuesday, January 28, 2014 at 7:13pmThe difference between Franco and David is 173.25

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