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QUESTION
Miranda has $8000 to invest in an RESP(Registered education saving plan) for 7 years should she invest her $8000 at 6%compounded semi-annually or...
- Miranda has $8000 to invest in an RESP(Registered education saving plan) for 7 years should she invest her $8000 at 6%compounded semi-annually or should she invest her $8000 at 7.5% with simple interest explain your choice please and identify the function in each of the cases.
- Determine the time it takes to double an investment in an account that pays interest of 4%per annum. compounded quarterly.
