You are considering investing $1,000 at an interest rate of 6.5% compounded annually for five years or

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You are considering investing $1,000 at an interest rate of 6.5% compounded annually for five years or investing the $1,000 at 6.8% per year simple interest for five years. Which option is better?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Oct 12, 2018 01:51 PM

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You are considering investing $1,000 at an interest rate of 6.5% compounded annually for five years or

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Compound interest F 1 00...View the full answer

Fundamentals of Engineering Economics

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