LilRed8609 LilRed8609

29-05-2024
Business

Answered

Imagine that you have $12,000 to invest for 10 years. How much more interest will you earn if you choose an account that pays 7% compounded annually (j1) instead of an account that pays a simple interest rate of 7% per annum?
Round you answer to 2 decimal places.

Answer :

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