Starting with $1000, show on one graph how each type of investment (simple and compound) grows over eight years. Use a different color to graph each situation.
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the bigger sum of money we will get using compuond intsest
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Starting with $1000 show on one graph how each type of investment (simple and compound) grows over eight years. Use a different color to graph each situation. What happens to the amount of money during the year? Assume that the interest is added at the beginning of a new year. What happens to the amount of money at the start of the next year? How is this shown on the graph?
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