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Home > PC3 > Chapter 5 > Lesson 5.2.2 > Problem 5-66

5-66.

MoneyCongratulations! Your rich old Uncle Lew has bestowed 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 compounded quarterly or compounded continuously. Which account would be the most beneficial if you left the money in it for one year?  Homework Help ✎

Compounded quarterly: 

Continuously compounded: