best friend each have $100 invest. You invest your money in a fund that pays 10% per compound interest. Your friend invests her money at a b that pays 10% per year simple interest. At the end of 1 year, difference in the total amount for each of you is: (a) You have $10 more than she does (b) You have $100 more than she does (c) You both have the same amount of money

best friend each have $100 invest. You invest your money in a fund that pays 10% per compound interest. Your friend invests her money at a b that pays 10% per year simple interest. At the end of 1 year, difference in the total amount for each of you is: (a) You have $10 more than she does (b) You have $100 more than she does (c) You both have the same amount of money

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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