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Eunchae invested $ 2 , 0 0 0 six years ago at 4 . 5 percent interest. She spends all of her interest earnings immediately

Eunchae invested $

2, 000

six years ago at

4.5

percent interest. She spends all of her interest earnings immediately so she only receives interest on her initial $

2, 000

investment. Which type of interest is she earning?

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