Question: 5. Compute the compound amount after 1 year for $300 invested at 5% interest compounded quarterly. What simple interest rate will yield the same amount

5. Compute the compound amount after 1 year for $300 invested at 5% interest compounded quarterly. What simple interest rate will yield the same amount in 1 year? 6. Which would be the better investment: 9% interest compounded semiannually or 8.9% compounded daily? Explain

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