document.write( "Question 970977: You considering investing $1,500 at an interest rate of 5% compounded annually for
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document.write( "2 years or investing the $1,500 at 7% per year simple interest rate for 2 years.
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document.write( "Which option is better?
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Algebra.Com's Answer #593604 by Edwin McCravy(20059)![]() ![]() You can put this solution on YOUR website! You considering investing $1,500 at an interest rate of 5% compounded annually for \n" ); document.write( "2 years or investing the $1,500 at 7% per year simple interest rate for 2 years. \n" ); document.write( "Which option is better? \n" ); document.write( " \r\n" ); document.write( "Use the compound interest formula for the final amount A:\r\n" ); document.write( "\r\n" ); document.write( "\n" ); document.write( " |