Question: Rusty will be away from his $250,000 condo for 3 years.A real estate agent has told him the condo could be rented for $1,500 per

Rusty will be away from his $250,000 condo for 3 years.A real estate agent has told him the condo could be rented for $1,500 per month.In assignment 1 you found the corresponding simple interest rate.By finding a simple interest rate (rather than a compound interest rate) what were we assuming about the upkeep of the apartment and the amount of rent being charged each month?Another way to phrase this question is: what are the differences in the rent scenario which corresponds to simple interest and the rent scenario which corresponds to compound interest?

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