This is an introductory assignment that connects compound interest to real-life. In part one, students decide which of three credit offers is the best way to finance a $2500 television purchase, including calculating a monthly payment for each option. In part two, students decide which of three investment choices is the best option for their $5000 inheritance.
Please note that students are required to only solve for the total amount (A) in these problems. They will not be solving for the rates (r) or time (t).
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