Question
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $3,800
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $3,800 today and both accounts have an annual interest rate of 6 percent. How much more interest will you receive in the 10th year in the account that pays compound interest?
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Enterprise Risk Management In Finance
Authors: David L. Olson, Desheng Dash Wu
1st Edition
1349691038, 978-1349691036
