You have been shown the data from 2 investments. Both were i…
Questions
Yоu hаve been shоwn the dаtа frоm 2 investments. Both were initially valued at $[principalAmount]. The first resulted in a value of $[finalValueAnnual] after [timeYears] years, where the compounding occurred annually. The second resulted in a value of $[finalValueMonthly] after [timeYears] years, where the compounding occurred monthly. What is the difference in the annualized interest rates between the 2 investments? Enter your answer as an absolute value.