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You are considering two separate investments.Both investments pay 7 percent interest.Investment A pays simple interest and Investment B pays compound interest.Which investment should you choose,and why,if you plan on investing for a period of 5 years?
Gross Method
An accounting method for recording purchases at the full invoice price without deducting any cash discounts.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and due dates.
Gross Profit
The financial gain obtained by subtracting the cost of goods sold from the revenue generated from sales, excluding operating expenses.
Sales Discounts
Reductions in the price of goods or services offered by a seller to a buyer to encourage prompt payment.
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