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94) Jeff invests $3,000 in an account that pays 7% simple interest. How much more could he have earned over a 20-year period if the

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94) Jeff invests $3,000 in an account that pays 7% simple interest. How much more could he have earned over a 20-year period if the interest had compounded annually? A) $3,212.12 B) $4,087.18 ) $2,840.00 D) $3,778.54 E) $4,409.05

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