HELP PLEASE!!
Billi opens a certificate of deposit to see how much money he can earn in a
ye...
HELP PLEASE!!
Billi opens a certificate of deposit to see how much money he can earn in a
year. After one year, he notices that the account has more money in it than he
calculated. What is most likely the cause of this error?
A. Billi calculated the interest assuming it was simple when it was
actually compounded.
B. Billi calculated the interest assuming it was compound when it
was actually simple.
C. Billi did not account for inflation affecting the value of his money.
D. Billi accounted for inflation but added up the interest wrong.
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Answers: 3
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