Question: Hi i need help with a question from my study guide. thank you 1.Part I: Describe compound interest. Part II: Describe exponential growth. Part III:

Hi i need help with a question from my study guide. thank you

1.Part I:Describe compound interest.

Part II:Describe exponential growth.

Part III:Describe the relationship between compound interest and exponential growth.

2.Part I:Describe how the account balance of a savings account earning simple interest is determined.

Part II:Explain the difference between a savings account earning simple interest and a savings account earning compound interest.

Part III:Which type of savings account would you open and why?

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