Fasima has $8000 to invest in an RESP (Registered Education Savings Plan) for seven years. a) Which of the following two investment options sould she choose? Justify your reasoning.

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by samathsn001 at December 01, 2009

Option 1: 6% compounded semi-annually

Option 2: 7.5% simple interest

b) What type of function is represented by each of the above options?Explain