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Compare financial model assumptions and outcomes

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The following comparison concerns a term deposit

The initial deposit balance is $48,500. Let $V_n$ be the value in dollars after $n$ annual periods, with $V_0$ as the initial value

The simple-interest and compound-interest models use the same annual rate of 5.9%

Model A is the simple-interest model; model B is the compound-interest model. The comparison horizon is 4 complete years

Retain full precision between model updates. Round each requested monetary result only at the end to the nearest cent. Rates and rules remain fixed over the stated interval; there are no fees or other transactions

For an interest table, report the accumulated interest: future value minus initial value. The numerical comparison criterion is the larger investment balance under these assumptions, not a recommendation about a real financial product