Mathematics, 29.02.2020 01:41 joedawg50
100 points pls help
George is considering two different investment options. The first option offers 7.4% per year simple interest on the initial deposit. The second option offers a 6.5% interest rate but is compounded quarterly. He may not withdraw any of the money for three years after the initial deposit. Once the minimum 3 years is reached, he can choose to withdraw his money or continue to collect interest. Suppose that George opens one of each type of account and deposits $10,000 into each.
Answers: 3
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100 points pls help
George is considering two different investment options. The first op...
George is considering two different investment options. The first op...
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