if-you-have-18-000-to-deposit-which-will-give-you-larger-return-after-5-years-0-

Question

If you have $18,000 to deposit, which will give you larger return after 5 years: 0.84% compounded quarterly or 0.81% compounded continuously?

Accepted Answer

0.84% compounded quarterly will give larger return after 5 years

Answer

0.81% compounded continuously will give larger return after 5 years

If you have \$18,000 to deposit, which will give you larger return after 5 years: 0.84% compounded quarterly or 0.81% compounded continuously?