michael4443
22.04.2021 •
Mathematics
You have $5,000 to invest in a savings account for 20 years and you have two
account options to choose from. You can invest in an account that offers 9% simple
interest or you can invest in an account that offers 7% interest compounded once a
year. Use multiple representations (table, graph and rule) to analyze each option.
Which one will you choose? Why?
Solved
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Ответ:
19,110
Step-by-step explanation:
The person earn 18,200 annually
Is give a 5% raise
5% of 18,200 is 910
18,200 + 910 = 19,110