Mathematics, 18.03.2022 01:00, laurentsupreme

You want to invest your money in an interest bearing account. One account earns 5% interest compounded twice annually and another account that earns 5% simple interest. Compare options and analyze which (if any) option is better. Explain how you arrived at your answer. Use numbers and calculations to provide evidence for your response. Answer in complete sentences. Compound interest would be better because on top of the interest you get, you also get interest on that interest.

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You want to invest your money in an interest bearing account. One account earns 5% interest compound...