Mathematics, 16.10.2019 15:30 marisol56
With a principal investment of $19,200, which account will have the greatest value after 5 years? simple interest: i = p β’ r β’ t interest compounded annually is a = p (1 + r)t interest compounded quarterly: a = p (1 + )4t a. 3.6% with interest compounded annually b. 3.8% in a simple interest account c. 3.4% with interest compounded annually d. 3.2% with interest compounded quarterly
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