Determine the end amount of joshs investment

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Problem

The end amount of a compound interest investment or loan can be computed with the formula A = P ( 1 + r n ) n t The end amount of a simple interest investment or loan can be computed with the formula A = P ( 1 + r t ) . Use these formulas to evaluate and compare the end amounts indicated below. Sara made an investment of $ 5 , 100 , at a rate of 3.5 % for 2 years compounded annually. Determine the end amount of Sara's investment. End Amount of Sara's investment = $ dollars Josh made an investment of $ 5 , 100 , as a simple interest investment at a rate of 3.5 % for 2 years. Get the instant assignment help. Determine the end amount of Josh's investment. Whose investment earned more money, Sara's or Josh's and by how much?

Reference no: EM133910929

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