A customer wants to invest $1.2 million for five years in an insurance company which is expected to pay 12.5% per year interest. If the insurance company gives the option of selecting simple or compound interest for payment to the company, the company should choose: a. Both of them b. None of them c. Compound Interest d. Simple Interest

A customer wants to invest $1.2 million for five years in an insurance company which is expected to pay 12.5% per year interest. If the insurance company gives the option of selecting simple or compound interest for payment to the company, the company should choose: a. Both of them b. None of them c. Compound Interest d. Simple Interest

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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