Question

Norah has $50,000 to invest. She is considering two investment options. Option A pays 1.5% simple interest. Option B pays 1.4% interest compounded annually. Drag dollar amounts to the table to show the value of each investment option after 5 years, 10 years, and 20 years rounded to the nearest dollar. the answer choices are: 58,027 53,500 53,750 57,458 66,028 65,000

Answer 1

the corrects answers

Option A

5 years: $53,750

10 years: $57,500

20 years: $65,000

Option B

5 years: $53,599

10 years: $57,458

20 years: $66,028

Answer 2

Option A

5 years: $53,750

10 years: $57,500

20 years: $65,000

Option B

5 years: $53,599

10 years: $57,458

20 years: $66,028