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Five years ago, you invested $15,200. You either invested the money into an investment offering 7% simple interest per year or 7% interest, compounding annually.

Five years ago, you invested $15,200. 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 $592.50 b. $641.13 c. $657.00 d. $581.03 e. $798.79

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