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Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that pays 10% per year compound

Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that pays 10% per year compound interest. Your friend invests her money at a bank that pays 10% per year simple interest. At the end of 1 year, what is the difference in the total amount of money for each of you ?

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