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Answer to Question #248689 in Financial Math for RONA MAE

Question #248689
Two equal investments are made with the same interest rate; however, one is at simple interest
rate and the other one is at compounding interest rate (quarterly). Which of the two equal
investments will generate a bigger interest for one year?
1
Expert's answer
2021-10-11T06:04:42-0400

One that is at Compound interest rate since coumpound interest is earned not only on the original principal, but also on all interests earned previously.


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