Question: A person is thinking to either upgrade their super computer and buy a new one today or save the $33,000.00 they have available for a

A person is thinking to either upgrade their super computer and buy a new one today or save the $33,000.00 they have available for a trip in 3 years. The option the person has today is to deposit the $33,000 in their savings account and they will be payed an interest rate of 7%. If that person won't withdraw the money, how much would that person have at the end of the third year with simple interest and compound interest?

Calculate the effective interest rate, if the nominal rate is 10%: The capitalization is Bimonthly, It is biannual, And monthly.

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