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Transcript

Philomena, trying to get more growth from her money, is deciding between two investment accounts for her $1,050. The Red account predicts a 5% interest compounded annually and a $1,050 starting balance. The Blue account guarantees a 7.5% simple interest added annually and a one-time $50 fee making it a $1,000 starting balance.*Remember that investment returns are not guaranteed*Below are the two accounts plotted on the same graph.

part III: simple vs compound interest