Question 1 You have decided to invest $7.000 in a fund that pays 13% per year oompound interest while your sister decided to invest the same amount in a fund that pays 13% per year simple interest. What is the difference in total amount behween both dferent interest types after 1 year? GAS000 4S10

Question 1 You have decided to invest $7.000 in a fund that pays 13% per year oompound interest while your sister decided to invest the same amount in a fund that pays 13% per year simple interest. What is the difference in total amount behween both dferent interest types after 1 year? GAS000 4S10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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