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3 - You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to

3 -

You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $

2, 100

today and both accounts have an annual interest rate of

5

percent.How much more interest will you receive in the

10

th year in the account that pays compound interest?

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