Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Raul is planning to invest his money for one year only. He chose an account paying simple
interest at 6% per year which was clearly a better deal than an account paying a 5.6% APR
with interest compounded annually.

Question

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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.
-Raul is planning to invest his money for one year only. He chose an account paying simple
interest at 6% per year which was clearly a better deal than an account paying a 5.6% APR
with interest compounded annually.

Write the Word or Phrase That Best Completes Each Statement