asked 175k views
5 votes
A total of $20,000 is invested at an annual interest rate of 6%. No matter how many years this

money is invested, what is the best investment plan to earn the most money in the end?
Compounded continuously
Compounded daily

Compounded quarterly
Compounded monthly

1 Answer

4 votes
Compounded continuously.
answered
User Brian Parker
by
8.7k points

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