Instruction: Choose one situation below, and explain. Give your opinion about your chosen situation by replying to the thread below. Situation 1: " You are in need of money for some important reason...

GEN. MATH choose 1 Situation.


Extracted text: Instruction: Choose one situation below, and explain. Give your opinion about your chosen situation by replying to the thread below. Situation 1: " You are in need of money for some important reason and you know that you can take a loan. There is a cooperative group offers 8% annual simple interest rate and a bank offers 8% compounded annually. Where will you loan for the money? Why? Situation 2: Mrs. Debbie's daughter is 7 years old now and she wants to make an investment for her 18th birthday. If she has Php 20,000, which of the following account is the best account for her to invest? Why? Account 1: offers 8% annual compound interest rate Account 2: offers 8% annual interest rate compounded quarterly Account 3: offers 8% annual interest rate compounded monthly Account 4: offers 8% annual interest rate compounded continuously (use F = Pet)