Answer
6% compounded monthly for 10 years
229.32 more
Work Step by Step
6.5% compounded twice a year for 10 years
$(1+(.065/2))^{10*2}$
$1.0325^{20}$
$1.8958379$
6% compounded monthly for 10 years
$(1+(.06)/12)^{10*12}$
$1.005^{120}$
$1.81939673$
$1.8958379*3000=5687.51$
$1.81939673*3000=5458.19$
$5687.51-5458.19=229.32$
The 6.5% compounded twice a year earns 229.32 more than the 6% compounded monthly.
