Question

Larry invests $153.000 at 7% compounded quarterly, Moe invests 153,000$ at 7% compounded daily and Curly invests 153.000$ at 7% simple interest. All three hold their accounts for 20 years.
a)How much interest does Larry’s account earn?

b) How much interest does Moe’s account earn?

C) How much interest does Curly’s account earn?

D) what is the value of each of their investments at the end of 20 years:

I) Larry’s_________

ii) Moe’s________

iii) curly’s_______

Answer 1

Hmmm I don’t really know