Mathematics, 28.01.2020 02:31 ineedhelp2285
You have $2000 to deposit for 7 years and two account options. the first earns you simple interest at a rate of 4% and the second earns you compound interest (compounded annually) at a rate of 2%. which account earns you more money?
first account (simple interest)
second account (compound interest)
they earn you the same
not enough information to say
Answers: 3
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