Question

3. Sally is going to invest $1000 in a CD that

earns 3.75% interest compounded quarterly for
25 years. She wants to know what the
difference would be if she were to invest her
money in an account that compounded her
money monthly. Show both amounts and find
the difference between the two amounts.

Answer 1

here you go, you’ll probably have to re-word it for your answer but that was the simplest way to answer it for me.