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100% correct and well explained or else skip please An investor deposits 5,000 into a savings account that pays 10% simple interest at the end
100% correct and well explained or else skip please
An investor deposits 5,000 into a savings account that pays 10% simple interest at the end of each year. Compare how much the investor would have after 6 years if the money were: (i) invested for 6 years (ii) invested for 3 years, then immediately reinvested for a further 3 yearsStep by Step Solution
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