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Miranda has $8000 to invest in an RESP(Registered education saving plan) for 7 years should she invest her $8000 at 6%compounded semi-annually or should she invest her $8000 at 7.5% with simple interest explain your choice please and identify the function in each of the cases.

  1. Miranda has $8000 to invest in an RESP(Registered education saving plan) for 7 years should she invest her $8000 at 6%compounded semi-annually or should she invest her $8000 at 7.5% with simple interest explain your choice please and identify the function in each of the cases.
  2. Determine the time it takes to double an investment in an account that pays interest of 4%per annum. compounded quarterly.

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