Write the Word or Phrase That Best Completes Each Statement

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Niyas is starting a college fund for his 4-year old daughter. He will invest money in a
savings account and the money will remain in the account for at least 15 years. The bank
told him that an account offering an APR of 7% compounded annually was a better deal
than an account offering simple interest at 8% per year.