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## You have some money to invest in one of two accounts. The first account pays 5% simple interest, and the second pays 4% compound inter

Question

You have some money to invest in one of two accounts. The first account pays

5% simple interest, and the second pays 4% compound interest. How would

you decide which account to use? Discuss your answer.

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Mathematics
6 months
2021-07-29T02:08:41+00:00
2021-07-29T02:08:41+00:00 2 Answers
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## Answers ( )

Answer:compound interest

Step-by-step explanation:compound interest yields higher profit than simple interest

Answer:the simple interest function will be greater in the beginning, but the

compound interest equation will overtake the simple after a while.

it appears that the 4% compound equation will overtake the simple at about 10 years

Step-by-step explanation: