Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Niyas is starting a college fund for his 4-year old daughter. He will invest money in a
savings account and the money will remain in the account for at least 15 years. The bank
told him that an account offering an APR of 7% compounded annually was a better deal
than an account offering simple interest at 8% per year.

Question

Quizplus · Accepted Answer

The Answer of Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Niyas is starting a college fund for his 4-year old daughter. He will invest money in a
savings account and the money will remain in the account for at least 15 years. The bank
told him that an account offering an APR of 7% compounded annually was a better deal
than an account offering simple interest at 8% per year.

Write the Word or Phrase That Best Completes Each Statement