FINANCE
Luke has to decide between investing his $1000 at a simple interest rate of 16%...
Mathematics, 28.03.2020 13:30, faithtunison
FINANCE
Luke has to decide between investing his $1000 at a simple interest rate of 16% p. a. for 8 years or investing it at 11% p. a. compound interest for the same period of time. Which would be the better investment and by how much?
Pls show full working out ty ;)
Answers: 3
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