Question: Suppose you have $20,000 to invest and you believe that you can earn 12 per year over the next 5 years. i. How much would

Suppose you have $20,000 to invest and you believe that you can earn 12 per year over the next 5 years.

i. How much would you have at the end of 5 years using compound interest?

ii. How much would you have using simple interest?

iii. Why these two figures are not the same?

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