Investment a Pays 8% Simple Interest for 10 Years

question 27

Multiple Choice

Investment A pays 8% simple interest for 10 years. Investment B pays 7.75% compound interest for 10 years. Both require an initial $10,000 investment. The future value of A minus the future value of B is equal to ______________ (to the nearest penny) .

• A) $2,500.00
• B) -$2,500.00
• C) $1,643.32
• D) $3,094.67
• E) -$3,094.67 [10000 + (800  10)] - [10000  1.0775¹⁰]

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Factor 2

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Humorous anecdotes or quips that have been passed down or widely circulated for a long period.

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A mathematical model describing the relationship between inputs used in production and the resulting output.