Business, 05.04.2021 20:00, lolh1520

Principal Interest Year 20 Total Savings After 20 Years $12.000 $12.000 $12000 m Simple $12.000 + 20 years of simple interest - $24.000 - $12000 - $24.000 $18.000 $12.000 ($12.000 ($12.000 + $6,615.94) $18.323.40) compound Interest $18.615.94 $30.323.40 X 5% $12.000 + $20 years of compound interest $31.839.57 $12.600 $19546.74 $31.839.57 Kortna receives $12.000 as a high school graduation gift. She would like to save the money for a down payment on a new house after she graduates from college. Which option would earn her the most money toward that goal? (4 points) Buy the house now to prevent loss. Save the money in a piggy bank Use a savings account offering simple interest. Use a savings account offering compound interest.

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Principal Interest Year 20 Total Savings After 20 Years $12.000 $12.000 $12000 m Simple $12.000 + 20...