1. Three years ago, Caroline invested $7,500. She has earned and will earn compound interest of 3.2 percent per year. In one year from today, Mardy can make an investment and earn simple interest of 13.2 percent per year. If Mardy wants to have as much in 5 years from today as Caroline will have in 5 years from today, then how much should Mardy invest in one year from today

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.