View the step-by-step solution to:

it is the difference between earning interest on your interest of an investment. It can also mean that a company or individual will have to pay out...

 it is the difference between earning interest on your interest of an investment. It can also mean that a company or individual will have to pay out more interest if it is compounded. It seems to me that an investor would always want to earn more and look for compounding interest investments. But, that means that those investments might also pay out at a lower interest rate. Is there a way you can compare the investments if one is simple and the other compound interest rates?

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question