Question

PLEASE SOLVE ALL W STEPS WORTH 30 PTS

Answer 1

Explanation:

I'll leave you to round

7.)

x= amount invested at time 0

`x*e^(18*.07)=25000\\x=7091.35066249`

8.)

`7091.35066249(1+(.045)/(4))^(4*36)=35510.594803`

8b.)

In the first investment we had a yield of: 25000-7091.35=17908.65

In the second investment we had a yield of: 35510.5948-7091.35=28419.24

While it may seem like the second investment had the higher return (because it had the higher yield) the first one has the highest yield because it's being compounded more often and at a higher rate