Mathematics, 06.10.2021 06:20 sam710
Which investment plan would be better for a $10 000 investment? Show all of your work.
(7 marks)
a. Plan A: a flat interest amount each year equal to 4.5% of the initial investment.
b. Plan B: 4.25% interest paid each year on the amount in the account, including the principal
and any interest that has already been paid
Answers: 2
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Which investment plan would be better for a $10 000 investment? Show all of your work.
(7 marks)
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