You have $1,000 and you have 2 investment options: A) You can invest all of your money in an account that pays 5%/year or B) You can invest half of your money in an account that pays 8%, but the other half will sit in your checking account earning nothing. If you plan to leave your money in these accounts for 7 years, which one is the better investment and how much money do you have after 7 years?

Answer rating: 100% (QA)

Lets compare both options to see which one offers a better return after 7 years Option A Invest all ... View the full answer