28. Which of the following will yield the greater amount: (a) putting $1,000 in an account paying 3% interest, com- in p
Posted: Mon Jul 11, 2022 11:00 am
28. Which of the following will yield the greater amount: (a) putting $1,000 in an account paying 3% interest, com- in pounded annually, and leaving it for 10 years, or (b) putting $1,000 in an account paying 6% interest, compounded an- latenually, and leaving it for 5 years?