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Five years ago, you invested $12,500. You either invested the money into an investment offering 7% simple interest per year or 7% interest, compounding annually.

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Five years ago, you invested $12,500. You either invested the money into an investment offering 7% simple interest per year or 7% interest, compounding annually. Calculate the difference in the value of the investment today between the two alternative investments. Select one: a. $641.13 b. $798.79 c. $592.50 d. $656.90 e. $581.03

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