posted by .

Does \$1000 at a rate of growth of 12% compounded continuously grow more slowly than \$120,000 at a rate of growth of 12% compounded continuously?

yes

## Similar Questions

1. ### Math - Compound

If a bank offers interest at a nominal rate of 6%, how much greater is the effective rate if interest is compounded continuously than if the compounding is quarterly?
2. ### Algebra II

An investment service promises to triple your money in 12 years. Assuming continuous compounding of interest, what rate of interest is needed?
3. ### math

find the accumulated value of an investment of 25,000 for 4 years at an interest rate of 5%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.
4. ### MATH

What is the balance if principal is \$4,800, for 5 years at yearly rate of 6%, and the compounded interest is the n=∞ [compounded continuously]?
5. ### Calc

How much money will we have in 6 months if we invest \$1000 into an account earning 8% compounded continuously?
6. ### Math

find the accumulated value of an investment of 20,000 for 3 years at an interest rate of 7%, if the money is a compounded semiannually; b. coumpounded quaterly; c. compounded monthly d. coumpounded continuously.
7. ### math

find the accumulated value of an investment of \$10000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.
8. ### College Algebra

20. Growth of an Account If Russ (see Exercise 19) chooses the plan with continuous compounding, how long will it take for his \$60,000 to grow to \$80,000?
9. ### finance

How much will \$100 grow to if invested at a continuously compounded interest rate of 10.75% for 8 years?
10. ### Pre-Calculus

Determine the balance A for P dollars invested at rate R compounded N times per year for T years. Round each amount to the nearest cent P= \$1000, R=3% t=10 years N=A 2=?

More Similar Questions