Mathematics
Mathematics, 28.01.2020 02:31, ineedhelp2285

You have $2000 to deposit for 7 years and two account options. the first earns you simple interest at a rate of 4% and the second earns you compound interest (compounded annually) at a rate of 2%. which account earns you more money?

first account (simple interest)

second account (compound interest)

they earn you the same

not enough information to say

answer
Answers: 3

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You have $2000 to deposit for 7 years and two account options. the first earns you simple interest a...

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