Mathematics, 04.03.2020 02:30 ernestinebell3514
Patricia is investing money. She has $20,000.00 to invest for 25 years. She can choose either simple interest at 1.2% interest, or compound interest at 1.2% interest, compounded annually. Which is the better investment? A. A compound interest investment would be better, because Patricia would earn $6,949.01 in compound interest. B. A simple interest investment would be better, because Patricia would earn $6,000.00 in simple interest. C. A simple interest investment would be better, because Patricia would earn $6,949.01 in simple interest. D. A compound interest investment would be better, because Patricia would earn $6,000.00 in compound interest.
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