One investment pays 10% simple interest and another pays 7% compounded annually. Which investment would you choose?

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One investment pays 10% simple interest and another pays 7% compounded annually. Which investment would you choose? Why?

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College Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780321945518

13th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen

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Question Posted: Dec 09, 2023 08:52 PM

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One investment pays 10% simple interest and another pays 7% compounded annually. Which investment would you choose?

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To determine which investment is better we need to compare the returns final amounts of both investm...View the full answer

College Mathematics For Business Economics Life Sciences And Social Sciences

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