Question
imagine that you have $13,00 to invest for 13 years. how much more interest will you earn if you choose an account that pays 7%
imagine that you have $13,00 to invest for 13 years. how much more interest will you earn if you choose an account that pays 7% compounded annually (j1) instead of an account that pays a simple interest rate of 7% per annum?
round your answer to 2 decimal places.
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
