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13. Jamie deposits $1,000 into an account that pays 4 percent interest compounded annually. Chris deposits $1,000 into an account that pays 4 percent simple

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13. Jamie deposits $1,000 into an account that pays 4 percent interest compounded annually. Chris deposits $1,000 into an account that pays 4 percent simple interest. Both deposits were made today. Which of the following statements are true concerning these two accounts? I. At the end of one year, both Jamie and Chris will have the same amount in their accounts. II. At the end of ve years, Chris will have more money in his account than Jamie has in hers. III. Chris will never earn any interest on interest. IV. All else equal, Jamie made the better investment. I and II only III and IV only I, II, and IV only I, III, and IV only II, III, and IV only 9:9.ng

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