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A recent college graduate is looking to begin saving for retirement. Option A is a savings account with 3.5% annual simple interest. Option B is

A recent college graduate is looking to begin saving for retirement. Option A is a savings account with 3.5% annual simple interest. Option B is a savings account with 3.5% annual interest compounded monthly. If the principal investment is the same for both options, which account would have a larger balance after 10 years?

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