You are considering investing $3,000 at an interest rate of 8% compounded annually for five years or

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You are considering investing $3,000 at an interest rate of 8% compounded annually for five years or investing the $3,000 at 9% per year simple interest for five years. Which option is better?

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:33 AM

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You are considering investing $3,000 at an interest rate of 8% compounded annually for five years or

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Option 1 Compound interest wit...View the full answer

Contemporary Engineering Economics

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