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1)Harrison invests $10,000 in an account that pays 5% simple interest. How much more could he have earned over a 7-year period if the interest
1)Harrison invests $10,000 in an account that pays 5% simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually? Which one is likely to be used by the financial institutions such as banks more commonly in Canada? (15 marks)
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