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Ann deposits$70,000 into an account that pays simple interest at a rate of2% per year. Jim deposits$70,000 into an account that also pays2% interest per
Ann deposits$70,000 into an account that pays simple interest at a rate of2% per year. Jim deposits$70,000 into an account that also pays2% interest per year. But it is compounded annually.
Find the interest Ann and Jim earn during each of the first three years.
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