document.write( "Question 1135874: Hi,
\n" ); document.write( "I would very much appreciate help with this problem:\r
\n" ); document.write( "\n" ); document.write( "Decide whether the statement makes sense, and explain your reasoning. John is planning to invest his money for one year only. He chose an account paying simple interest at 6% per year which was clearly a better deal than an account paying a 5.9% APR with interest compounded annually.\r
\n" ); document.write( "\n" ); document.write( "Thank you! \n" ); document.write( "

Algebra.Com's Answer #753603 by MathTherapy(10552) $\"\"$ $\"About$

You can put this solution on YOUR website!
Hi,
\n" ); document.write( "I would very much appreciate help with this problem:\r
\n" ); document.write( "\n" ); document.write( "Decide whether the statement makes sense, and explain your reasoning. John is planning to invest his money for one year only. He chose an account paying simple interest at 6% per year which was clearly a better deal than an account paying a 5.9% APR with interest compounded annually.\r
\n" ); document.write( "\n" ); document.write( "Thank you!
\n" ); document.write( "

Simple interest FV amount, or 
\n" );
document.write( "Compound interest FV amount, or 
\n" );
document.write( "Which is better? You decide, and explain why you made that choice! \n" );
document.write( "

\n" );