If you deposit 3,000 SR in a saving account now. What would be the difference of the compounded and thesimple interest rate of 7% annually for 5 years?O a 1221O b. 290Oc. 351Od. N.A• e. 625Clear my choice You wish to have $20,000 SR in an account 6 years ftrom now. How much money must be deposited in theaccount now to have this amount if the account pays 7% compounded annually?O a 10925O b. 13327Oc NAO d. 12234O e. 7217Clear my choice

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If you deposit 3,000 SR in a saving account now. What would be theo difforence of the compounded and the simple interest rate of 7% annually for 5 years? Oa 1221 O b. 290 O. 351 Od. N.A e. 625 Clear my choice

If you deposit 3,000 SR in a saving account now. What would be theo difforence of the compounded and the simple interest rate of 7% annually for 5 years? Oa 1221 O b. 290 O. 351 Od. N.A e. 625 Clear my choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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