Asked by kim
compare the future amounts(a)you would have if the money were invested at a simple interest and if it were invested with annual compounding. ( round your answers to the nearest cent.) $7,600 at 15% for 25yrs
Answers
Answered by
Steve
7600(1+.15*25)
vs
7600(1+.15)^25
Where do I sign up for that interest rate!?!
vs
7600(1+.15)^25
Where do I sign up for that interest rate!?!
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