Mathematics, 14.12.2019 23:31 william03300
patricia is investing money. she has $30,000.00 to invest for 25 years. she can choose either simple interest at 1.6% interest, or compound interest at 1.6% interest, compounded annually.
which is the better investment?
a.
a compound interest investment would be better, because patricia would earn $12,000.00 in compound interest.
b.
a compound interest investment would be better, because patricia would earn $14,613.26 in compound interest.
c.
a simple interest investment would be better, because patricia would earn $12,000.00 in simple interest.
d.
a simple interest investment would be better, because patricia would earn $14,613.26 in simple interest.
Answers: 1
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patricia is investing money. she has $30,000.00 to invest for 25 years. she can choose either simple...
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