At The Age Of 18, Albert Inherits $100,000 From His Grandfather. One Bank Offers To Invest This Money At 10% For 5 Years. A Second Bank Offers A Rate Of 8% For 7 Years. Which Investment Will Yield The Most Money?


3 Answers

xiao guguai Profile
xiao guguai answered
The first: P= 100,000x(1+10%)^5=161,051, the second: P=100,000x (1+8%)^7=171328.4, so you should choose the second.
Karl Sagan Profile
Karl Sagan answered

hi guys i'm new to this kind of thing and i want to start investing mostly to generate some bitcoins and then invest them but at the time a friend recommended me the but you who think about this page is safe to make exchanges via forex or have better suggestions.

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