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A bank investment of $100 is made by Alpha which provides an annual return of 8% (simple interest) and principle plus interest is left in

A bank investment of $100 is made by Alpha which provides an annual return of 8% (simple interest) and principle plus interest is left in the bank for 5 years to accumulate. Beta also invests $100 at this bank for a term of 5 years and earns compound interest compounded annually. At the end of 5 years when the investments are cashed in:

Alpha receives more

They receive identical amounts

Beta receives more

Alpha receives $164

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