Question
I invest $5 into 2 separate savings accounts that makes 12% interest annually. What would be the difference in the account balance after 5 years
I invest $5 into 2 separate savings accounts that makes 12% interest annually. What would be the difference in the account balance after 5 years if one is a simple interest account and the other is compound interest?
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Managerial Accounting
Authors: James Jiambalvo
5th edition
1118078764, 978-1118078761
