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You have $5,000 to invest for 2 years. You can choose to invest it at 4% simple interest or at 3.8% compounded quarterly. a.
You have $5,000 to invest for 2 years. You can choose to invest it at 4% simple interest or at 3.8% compounded quarterly. a. Create a table showing all rows for the 4% simple interest option. Period 0 Interest earned during period (I = Prt), t = 1 New Balance $5,000 1 2 b. Create a table showing all rows for the 3.8% compounded quarterly option. Period 0 Interest earned during period (Balance 1) New Balance $5,000 1 2 3 b. Create a table showing all rows for the 3.8% compounded quarterly option. Period: 0 1 2 3 4 5 9 7 Interest earned during period (Balance 1) New Balance $5,000 8
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