s
$ .
Find the best balance after investing
$12,000 for a period of 7 years at
two different interest earning types:
simple interest at 5% and compound
interest at 4.5%. Round the answer
to two decimal places. (1 point)
The best balance after investing
$12,000 for a period of 7 years is
1 answer
$15,252.00 with simple interest at 5% and $15,548.17 with compound interest at 4.5%.