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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690 Exercise 3
You are considering investing $4,500 at an interest rate of 8.5% compounded annually for five years or investing the $4,500 at 9% per year simple interest for five years. Which option is better?
Explanation
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Simple Interest refers to the interest c...
Contemporary Engineering Economics 6th Edition by Chan Park
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