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Business, 18.02.2020 22:03 katelynzaro

Suppose you can invest $1000 in a fund earning simple discount at an annual rate of 3% or in a fund earning simple interest at an annual rate of 16%.
How long must you invest your money in order for the simple discount account to be preferable?

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Suppose you can invest $1000 in a fund earning simple discount at an annual rate of 3% or in a fund...
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