Solve this problem.(show your solution)
Debble wants to compare the simple interest to compound interest on a P 60,000 Investment 1. Find the simple interest If funds earn 8% simple interest for 1 year. 2. Find the interest if funds earn 8% compounded annually for 1 year 3. Find the interest if funds earn 8% compounded semi-annually for 1 year. 4. Find the Interest if funds earn 8% compounded quarterly for 1 year. 5. Which is the best investment? Why?
PASAGOT NAMAN THANKS
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