Mathematics, 05.04.2020 20:18 larenhemmings
1. Find the simple interest on a three-year investment with a principal of $10,000 at 4% annual interest note.
2. Now compute the compound interest on a three-year investment with a principal of 10,000 at 4% compound quarterly. Put your results in the form of a table.
3. Calculate the compound interest on a three-year investment with a principal of $10,000 at 4% compounded monthly. Write your conclusions without making a table.
4. If you had the same amount of money in an account collecting only simple interest, What would the yearly interest rate have to be to produce the same return as in number 3? Use the WP fourmula.
Answers: 2
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1. Find the simple interest on a three-year investment with a principal of $10,000 at 4% annual inte...
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