Mathematics, 14.12.2020 22:40, bobbycisar1205
Beth inherited $13,000 and decided to invest the money at her bank. She has 2 options:
Option 1 earning simple interest at 6% or
Option 2 earning compound interest at 5.5%.
Which investment option will yield more return over a 10-year period?
Option one will yield 7800 more.
Option one will yield 7800 more.
Option 2 will have 1405.88 more
Option 2 will have 1405.88 more
Both Option are the same
Answers: 2
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Beth inherited $13,000 and decided to invest the money at her bank. She has 2 options:
Option 1 ear...
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