Jackson is trying to determine how to invest $10,000 that he inherited from his uncle Eddie.  He has the following options at his bank. Certificate of Deposit that pays 5% simple interest. Savings Account that pays 4% compounded annually. How much will this savings account be worth if he left the money untouched for 30 years? $10001.50       $32,433.98       $10150

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A: To calculate the amount need to pay each month to repay the amount.

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A: Ans:

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A:

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A: Please check the answer in next step

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A: Ans-In this question we have to find the simple interest rate . Simple Interest=P×R×T100

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A: Credit amount Rate of interest Time period  year

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A: We will find out the required value .

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A: We can make it easier to get it.

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A:

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A:

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A:

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A:

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A: This is a basic question testing the application of compound interest. We just have to plug-in the…