Answer the Following Initial Investment Balance after year 1 Balance after year 2 Balance after year 3

Answer the Following

 

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Initial Investment Balance after year 1 Balance after year 2 Balance after year 3 Balance after year 4 Account A $ 85.00 $ 90.10 $ 95.51 $ $ S 101.25 $ ? S Account B Account C 185.00 $ 197.95 $ 210.90 $ 223,85 $ ? Account D 280.00 $ 306.60 $ 333.20 $ 359.80 $ ? Account E 385.00 $ 415.80 $ 449.06 5 484.99 S ? 485.00 509.25 534.71 561.45 ? a) Account A is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. b) Account B is an example of Simple Interest or Compound Interest or Nother with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. c) Account C is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. d) Account D is an example of Simple Interest or Compound Interest or Neither with an interest rate of Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. e) Account E is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. Initial Investment Balance after year 1 Balance after year 2 Balance after year 3 Balance after year 4 Account A $ 85.00 $ 90.10 $ 95.51 $ $ S 101.25 $ ? S Account B Account C 185.00 $ 197.95 $ 210.90 $ 223,85 $ ? Account D 280.00 $ 306.60 $ 333.20 $ 359.80 $ ? Account E 385.00 $ 415.80 $ 449.06 5 484.99 S ? 485.00 509.25 534.71 561.45 ? a) Account A is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. b) Account B is an example of Simple Interest or Compound Interest or Nother with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. c) Account C is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. d) Account D is an example of Simple Interest or Compound Interest or Neither with an interest rate of Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why. e) Account E is an example of Simple Interest or Compound Interest or Neither with an interest rate of %. Explain in detail how you determined whether this was simple or compound interest and how you calculated the interest rate. If it was neither, explain why.

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4 Simple interest is the sum paid for using for a fixed period borrowed money ... View the full answer