### Home > PC3 > Chapter 5 > Lesson 5.2.2 > Problem5-66

5-66.

Congratulations! Your rich old Uncle Lew has bestowed $\10,000$ upon you. You get to decide which account is more beneficial to place the money in over the course of one year. The choice of accounts is $5.25\%$ compounded quarterly or $5\%$ compounded continuously. Which account would be the most beneficial if you left the money in it for one year?

Compounded quarterly: $A=10,000\left(1+\frac{0.0525}{4}\right)^4$

Continuously compounded: $A=10,000e^{0.05}$