One investment pays 9% simple interest and another pays 6% compounded monthly. Which investment would you choose?

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One investment pays 9% simple interest and another pays 6% compounded monthly. Which investment would you choose? Why?
Solve Problem using graphical approximation techniques on a graphing calculator.

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:32 AM

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One investment pays 9% simple interest and another pays 6% compounded monthly. Which investment would you choose?

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The value of P dollars at 9 simple interest after t years is given by A s P1 009t The valu...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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