christian concerts
Christian LouboutinCL001m.
ChristianProtestant Christian .
Christian Bale1974130 13.
Gospel Christian Gospel+Gospel GospelR&B.
- .
Christian Larsson, RedemptionDeadmans GunDeadmans Gun
1947New Look.
Christian Catholic jesuit .
1000
Related Articles
Trending Articles
A company offers two investment plans. Plan A offers a fixed interest rate of 5% per annum compounded annually, while Plan B offers a fixed interest rate of 4.5% per annum compounded semi-annually. If an investor invests $1,000 in each plan, which plan yields more after 3 years, and by how much?
For Plan A (compounded annually):
A = P \left(1 + \frac{r}{n}\right)^{nt} = 1000 \left(1 + \frac{0.05}{1}\right)^{1 \times 3} = 1000 \times (1.05)^3
A = 1000 \times 1.157625 = 1157.63
For Plan B (compounded semi-annually):
A = P \left(1 + \frac{r}{n}\right)^{nt} = 1000 \left(1 + \frac{0.045}{2}\right)^{2 \times 3} = 1000 \times \left(1.0225\right)^6
A = 1000 \times 1.142641 = 1142.64
Difference:
- 1142.64 = 14.99
#### #### 14.99