Question: help with this Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identicat account that earns simple

help with this
help with this Everything else held constant, an account that earns compound

Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identicat account that earns simple interest. Ater the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. Heather is willing to invest 530,000 for six years, and is an economically rational investor, She has identifed three investment alternatives (L. M, and P) that vary in their method of caiculating interest and in the annual interest rate offered. Since she can only make one inveitment during the six-year investment period, complete the following tabie and indicate whether Heather should invest in each of the investments. Note: When calculating each investment's future value, assume that all interest is earned annually: The final value should be rounded to the nearest Whole dollar

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