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(a) Tommy invests $200 at 5% simple interest, paid annually, for 10 years. How much will he have at the end of 10 years? (b)
(a) Tommy invests $200 at 5% simple interest, paid annually, for 10 years. How much will he have at the end of 10 years? (b) Which option below would yield the greatest future value? i) increasing the term to 12 years ii) increasing the principal to $220
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