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How much more will you be getting back after you lend $20,000 for 13 years at 4.9% annual interest with compounding versus lending the same
How much more will you be getting back after you lend $20,000 for 13 years at 4.9% annual interest with compounding versus lending the same amount of money at the same annual interest rate but without using compounding (i.e., simple interest)?
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