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Your parents just gave you a gift of $6,600. You are investing this money for 16 years at 7.7 percent simple interest. How much money
Your parents just gave you a gift of $6,600. You are investing this money for 16 years at 7.7 percent simple interest. How much money will you have at the end of the 16 years? How much money will you have at the end of the 16 years at 7.7 percent compound interest, compounded annually? A. $13,450;$24,432 B. $14,032;$23,090 C. $13,270;$24,232 D. $13,900;$21,032 E. $14,731;$21,627
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