Mathematics, 18.12.2020 20:40 arivalen

Jenny recently received $3000 that she would like to invest for schooling, which she plans to attend in five years. One choice is to invest it in an account that pays 7% simple interest. Her other choice is to invest in an account that pays 6% compounded yearly. Which investment is better for her and why? How would I do this while writing an explicit function?

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