Question

Since the first manager was a very smart person, he decided to invest the P500,000 given to him. He was very please that he was quoted a long-term investment for 5 years at 8% per annum compounded annually, and decided to invest the money in that institution. The second manager saw what the first manager did and also decided to invest the money. However, when given the choice by the investment firm, he did not understand the difference between simple and compound interest. In the end, he accepted the quote at 8% per annum simple interest. The third manager saw them and thought that they were too much of a risk-taker and decided just to keep the money locked in a vault at his home.
When you return from your trip, which manager will you choose as the CFO of your business

Answer 1

Answer:

hi I just got home I will have the time and money for this week so that