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Suppose you wish to invest $1,000. You are asked to choose between a four-year investment that pays annually 10% compound interest and a similar investment
Suppose you wish to invest $1,000. You are asked to choose between a four-year investment that pays annually 10% compound interest and a similar investment that pays annually 11.5% simple interest. Which investment will you choose?
Select one:
A. The 11.5% simple interest investment
B. The 10% compound interest investment Correct
C. They offer the same result
D. There is not enough information to answer the question
Answer ________
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