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Answer to Question #34315 in Finance for john

Question #34315
Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per annum simple interest or 8% per annum compound interest.Determine,through calculations, which investment will be more profitable.
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Expert's answer
2013-09-10T09:49:58-0400
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