W5.1<br/><br/><br/>Suppose that you have $10,000 to invest over a

3 year period. There are two accounts to choose from: 4% compounded monthly or 3.5% compounded continuously.

a.    Write the formula for the first account’s compound interest for n compoundings per year.
b.    Write the formula for the account with continuously compounded interest.
c.    Use the formulas and information above to solve for the balance of each investment after 3 years.
d.    Which investment account offers a better return on your money?

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