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12. Two sisters, Bethany and Dana, decide to invest for their retirement. They both expect to retire in 40 years. The following graph shows their investment. ount of Investment (S) 50000 40000 30000 20000 The Investments of Bethany and Dana Bethany

12. Two sisters, Bethany and Dana, decide to invest for their retirement. They both expect to retire in 40 years. The following graph shows their investment. ount of Investment (S) 50000 40000 30000 20000 The Investments of Bethany and Dana Bethany

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 2.5P
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1) The question screenshot has been attached down below answer ques 12 a,b step-by-steps.

b) The following phrases can be used to describe the sisters investments. Use all of the phrases by placing the phrase under the correct sister's name in the following table. Use each phrase only once to describe the sisters' investment. Include reasons for matching the phrase to that sister. . . . . . . Had $2500 to invest. Invested at 8% compound interest. Invested at 8% simple interest. After 20 years the investment improved to 11% simple interest. Stored her money under the mattress for two years, then invested it. Had $5000 to invest. Bethany Dana
Transcribed Image Text:b) The following phrases can be used to describe the sisters investments. Use all of the phrases by placing the phrase under the correct sister's name in the following table. Use each phrase only once to describe the sisters' investment. Include reasons for matching the phrase to that sister. . . . . . . Had $2500 to invest. Invested at 8% compound interest. Invested at 8% simple interest. After 20 years the investment improved to 11% simple interest. Stored her money under the mattress for two years, then invested it. Had $5000 to invest. Bethany Dana
12. Two sisters, Bethany and Dana, decide to invest for their retirement. They both expect to retire in 40 years. The following graph shows their investment. Total Amount of Investment (S) 50000 40000 30000 20000 10000 The Investments of Bethany and Dana 10 20 30 Time (years) Dana Bethany 40 50 a) Describe the rates of change for each person using words like increasing, constant, or zero rate of change.
Transcribed Image Text:12. Two sisters, Bethany and Dana, decide to invest for their retirement. They both expect to retire in 40 years. The following graph shows their investment. Total Amount of Investment (S) 50000 40000 30000 20000 10000 The Investments of Bethany and Dana 10 20 30 Time (years) Dana Bethany 40 50 a) Describe the rates of change for each person using words like increasing, constant, or zero rate of change.
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