1. Consider the following two interest options for an investment of $1000: (A) 4% simple interest, (B)...
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2. Comparing Investments Consider the following two interest options for an investment of $1000: (A) 4% simple interest, (B) 4% interest compounded daily. After how many years will option B outperform option A by at least $100?
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1 After year 20 option A would have a value of F 12...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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