Question
Math Help! 1) a)Explain why the graph of a simple interest investment where the interest is added yearly has been compared to a set of
Math Help!
1) a)Explain why the graph of a simple interest investment where the interest is added yearly has been compared to a set of stairs.
b) What is an appropriate analogy for the graph of a compound interest investment?Why?
2) Suppose that you had $10 000 to invest. Compare the total amounts for simple investments and compound investments after 20 years for an annual interest rate of 9%. Assume the interest period is annual. Upload a copy of the spreadsheet to the dropbox or copy and paste in a screen shot, and identify the simple interest graph and the compound interest graph.
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