ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Coach Givens & Ms. Wagner invest $7, 000 each for 5 years. Coach Givens invests her money at 3.5% simple interest and Ms. Wagner invests her money at 3.5% compounded annually. How much more interest will Ms. Wagner have then Coach Givens at the end of 5 years?
|
|
$ 1, 225.80
|
|
|
$1, 313.80
|
|
|
$ 7, 090.80
|
|
|
$ 88.80
|
Explanation:
There is 1 question to complete.