Okay, i know i just posted one problem, (which i need a lot of help with - if you could duck over then when finished here
) but i have another here now.
'I' believe that an investment that averages x% over the term of an investment with a fixed return of x% over teh term of the investment are equivalent - my 'freind' is not so sure. Investigate the proposition above to see if it is warrented. Justify and make suggestions re investments.
Okay, so i need to consider sperately both simple interest and compound interest - but how? I'm sort of stuck on this one - could anyone show me the comparisions? As for the time that is passed, it is of no consequence how the interest was accrued...thats all i know. Can someone set this out, because i think there is going to be an exam question like this one, and at the moment, i don't get it!