Mr. and Mrs. Grauser had invested $15,000 at 6.5%, compounded continuously. If the Grausers' change their mind and decide to invest their $15,000 in a C. D. that pays 7% interest compounded quarterly for 7 years, would their
investment be worth more or less than compounding continuously at 6.5%?
Compounding quarterly at 7% would be worth
(type more or less) than compounding continuously at 6.5%.