Nelly has to choose between two different accounts for an investment of $500. Both accounts
earn 4% but have different compounding periods, continuous versus annual.
Comparing continuous compounding to annual compounding, which method will grow the
account to $1000 faster and by how many years?
MGSR9-12FBFS
A. Continuous compounding; by.35 years
C. Continuous Compounding by 10.2 years
B. Annual Compounding, by.15 years
D. Annual Compounding; by.35 years