Investigate the difference between compounding annually and simple interest for parts a-j. Round to the nearest cent.

a. Find the simple interest for a 1-year CD for $5,000 at a 2.5% interest rate.

b. Find the interest for a 1-year CD for $5,000 at an interest rate of 2.5%,

compounded annually.

c. Compare the results from parts a and b.

d. Find the simple interest for a 3-year CD for $5,000 at an interest rate

of 2.5%.

e. Find the interest for a 3-year CD for $5,000 at an interest rate of 2.5%,

compounded annually.

f. Compare the results from parts d and e.

g. Find the simple interest for a 6-year CD for $5,000 at an interest rate of 2%.

h. Find the interest for a 6-year CD for $5,000 at an interest rate of 2%,

compounded annually.

i. Compare the results from parts g and h.

j. Is interest compounded annually the same as simple interest? Explain

Step-by-step explanation:

Simple interest formula

Compound interest formula

a.

Simple interest is $125

b

.

Compound interest is $125

c. the result for both a and b are the same

d.

the simple interest is $375

e

.

the compound interest is $385

f. the result compared, compound interest is $10 more than simple interest

g.

the simple interest is $600

h.

the compound interest is $4869

i. the result from g and h, h is over 8 times bigger than g.

j. interest compound annually is not the same as simple interest, only for the case of a and b seeing that it is for 1 year. but for 2years and above there is difference as seen in c to h

step-by-step explanation: the declaration of the rights of man and of the citizen (french: déclaration des droits de l'homme et du citoyen de 1789), set by france's national constituent assembly in 1789, is a human civil rights document from the french revolution.[1]

the declaration was drafted by the abbé sieyès and the marquis de lafayette, in consultation with thomas jefferson.[2] influenced by the doctrine of "natural right", the rights of man are held to be universal: valid at all times and in every place, pertaining to human nature itself. it became the basis for a nation of free individuals protected equally by the law. it is included in the beginning of the constitutions of both the fourth french republic (1946) and fifth republic (1958) and is still current. inspired by the enlightenment philosophers, the declaration was a core statement of the values of the french revolution and had a major impact on the development of freedom and democracy in europe and worldwide.[3]

the 1789 declaration, together with the 1215 magna carta, the 1689 english bill of rights (1689), the 1776 united states declaration of independence, and the 1789 united states bill of rights, inspired in large part the 1948 united nations universal declaration of human rights