Mathematics, 22.11.2019 10:31 ramos2019
is investing $4,000 at an interest rate of 5% (compounded annually) and $4,000 at an interest rate of 7% (compounded annually) always, sometimes, or never the same as investing $8,000 (the total of the two principals) at an interest rate of 6% (compounded annually)? why or why not? does it matter how long you leave it in the account?
explain using words and examples, and justify your answer.
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