An employee wants to invest $60,000 in pension plan. One investment offers 4% compounded semiannually. Another offers 3.25% compound continuously.

An employee wants to invest $60,000 in pension plan. One investment offers 4% compounded semiannually. Another offers 3.25% compound continuously.

A. Which investment will earn more interest in 4 years.

B. How much more will the better plan earn?