Assume you invest 25000 into an account with an 11 apr, Financial Management

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Assume you invest 25000 into an account with an 11 apr

Assume you invest $25,000 into an account with an 11% APR. Interest is compounded monthly. How much will you have in 25 years? How much more is this amount than if you compounded interest yearly?

But this time continuously compound the interest? How do the effective rates (APY) differ between yearly, monthly, and continuously compounding interest for this problem?

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Financial Management: Assume you invest 25000 into an account with an 11 apr

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