Fiona invested $1100 at 8% compound comtinously. At the same time, Maria ivested $1200 at 8% compounded daily. How long will it take for their investments to be equal in value?
College Math - Steve, Sunday, November 11, 2012 at 1:38pm
after x years, the two amounts will be equal:
1100*e^.08x = 1200*(1+.08/365)^(365x)
x = 9926.18535