Follow the Instructions in the NET @Ssets Box Earlier in This

Short Answer

Follow the instructions in the NET @ssets box earlier in this section to access the interactive chart named "Future Value of $100" in the student textbook's OLC. Use the chart to help you answer these questions. Over a 25-year period, how much more (expressed as a percentage) will an investment be worth if it earns:
a) 6% compounded monthly instead of 6% compounded annually?
b) 9% compounded monthly instead of 9% compounded annually?
c) 12% compounded monthly instead of 12% compounded annually?