Cindy K.

asked • 01/07/21

Compound Interest

How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?

1 Expert Answer


Isaiah A. answered • 01/07/21

5.0 (66)

Masters in Finance with 7+ years of experience instructing students

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