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Business, 20.01.2020 20:31 vkrizh

Assume that you and your best friend each have $1,000 to invest. you invest your money in a fund that pays 10% per year compound interest. your friend invests her money at a bank that pays 10% per year simple interest. at the end of 1 year, the difference in the total amount for each of you is: a. you have $10 more than she does. b. you have $100 more than she does. c. you both have the same amount of money. d. she has $10 more than you do.

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