Question
Beatrice invests $1,480 in an account that pays 4 percent simple interest. How much more could she have earned over a 5-year period if the
Beatrice invests $1,480 in an account that pays 4 percent simple interest. How much more could she have earned over a 5-year period if the interest had been compounded annually?
Multiple Choice
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$24.65
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$28.71
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$123.23
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$35.88
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$20.74
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
