You have the option to deposit $6500 into an account that pays 3.25% interest, compounded quarterly OR to deposit your money into an account that pays the same interest rate but compounds continuously. Which option yields you more money after 5 years and how much more? OPTIONS:
Compounded quarterly, $4809.13
Compounded quarterly, $416.23
Compounded continuously, $5.02
Compounded continuously, $878.52

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  Compounded continuously, $5,02

Step-by-step explanation:

Compounded quarterly, the amount in the account will be ...

  A = 6500(1 +.0325/4)^(4·5) ≈ 7641.89

Compounded continuously, the amount in the account will be ...

  A = 6500e^(.0325·5) = 7646.91

So, the account compounding continuously has the higher yield, by the amount of ...

  $7646.91 -7641.89 = $5.02

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.