. Noah may choose between two accounts in which to invest $4000. Account A offers 2.2% annual interest
compounded monthly. Account B offers continuous compound interest. Noah plans to leave his investment
untouched (no further deposits and no withdrawals) for 15 years.
(a) Which account will yield the greater balance at the end of 15 years?
(b) How much more money does Noah earn by choosing this more profitable account?
Answer:
