You are considering investing $4.500 at an interest rate of 8.5% compounded annually for five years or

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You are considering investing $4.500 at an interest rate of 8.5% compounded annually for five years or investing the $4500 at 9% per year simple interest for five years. Which option is better?

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Contemporary Engineering Economics

ISBN: 9780134105598

6th Edition

Authors: Chan Park

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Question Posted: Dec 19, 2022 06:12 AM

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You are considering investing $4.500 at an interest rate of 8.5% compounded annually for five years or

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Option 1 Compound interes...View the full answer

Contemporary Engineering Economics

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