Question
Bob invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 9-year period if the
Bob invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 9-year period if the interest had compounded annually?
A. $621.41 B. $983.58 C. $1,102.16 D. $1,382.68 E. $1,823.28
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
