kalamartinez993 kalamartinez993
  • 15-09-2022
  • Mathematics
contestada

You want to invest your money into an investment account. You have $15,000.
You will need the money in 9 years. The bank offers you a choice.
Option A: 4.5% simple interest.
Option B: 3.25% compound interest.
Which one should you choose and why?

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