Answer to Question #130234 in Visual Basic for Laura N

Question

when $1000 is invested at 5% simple interest, the amount grows by $50 each year. When Money is invested at 5% interest compounded annually, the amount at the end of each year is 1.05 times the amount at the beginning of that year. Display the amount for 9 years for a $1000 investment at 5% simple and compound interest.

Answer 1

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