Question
Investing money is always an important decision one must make throughout life. There are various ways to invest money. As a result, A) Identify and
Investing money is always an important decision one must make throughout life. There are various ways to invest money. As a result, A) Identify and provide an explanation forA =Pert. Be certain to include explanations for the variables, P, r, and t. B) Identify and provide and explanation forI = Prt. Be certain to include explanations for the variables, P, r, and t. C) Using the interest formulas above, explain which is the better investment on a $1000 investment at 6% for 2 years. Be certain to show your work when providing an explanation of your answers.
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