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13) This morning, Clayton deposited $2,500 into an account that pays 5 percent interest, compounded annually. Also this morning, Jayda deposited $2,500 at 5 percent

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13) This morning, Clayton deposited $2,500 into an account that pays 5 percent interest, compounded annually. Also this morning, Jayda deposited $2,500 at 5 percent interest, compounded annually. Clayton will withdraw his interest earnings and spend it as soon as possible. Jayda will reinvest her interest earnings into her account. Given this information, which one of the following statements is true? A) Jayda will earn more interest in Year 1 than Clayton will earn. B) Clayton will earn more interest in Year 3 than Jayda will earn. C) Jayda will earn more interest in Year 2 than Clayton will earn. D) After five years, Clayton and Jayda will both have earned the same amount of interest. E) Clayton will earn compound interest

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