Anne receives two proposals for an investment. First: Save for six months consecutive $200 monthly at a rate of 20% per year simple or Second: Save today $500 three months later deposit $500 more and two months later $200, this 25% simple annual plan. Which of the plans offers you the best performance? (justify your answer with calculations)

Answer rating: 100% (QA)

Lets compare the two investment plans First Plan Save 200 monthly for six consecutive months Ann... View the full answer