Question: Identify whether the following statements about the simple and compound interest methods are true or false. table [ [ Statement ] , [ The

Identify whether the following statements about the simple and compound interest methods are true or false.
\table[[Statement],[The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.],[After 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.]]
Nicholai is willing to invest $30,000 for six years, and is an economically rational investor. He has identified three investment alternatives ( A , B , and C ) that vary in their method of calculating interest and in the annual interest rate offered. Since he can only make one investment during the six-year investment period, complete the following table and indicate whether Nicholai should invest in each of the investments.
Note: When calculating each investment's future value, assume that all interest is earned annually. The final value should be rounded to the nearest whole dollar.
\table[[Investment,Interest Rate and Method,Expected Future Value,Make this investment?],[A,8% simple interest,$,],[B,3% compound interest,,],[C,5% compound interest,,]]
Identify whether the following statements about

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