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10-49.

Talayna has a third investment option now. She can also invest her money in an account that pays % simple interest. She thinks that this might be better because the interest rate is higher. She decides to compare this account to the one that pays % compounded quarterly. If she wants to deposit the money for years, which account is better? If she wants to deposit for years, which account is better?

Review the Math Notes box in section 8.1.4

Review the hints on problem 10-36.