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Posted on Jul 09, 2024

If you put $500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25

If you put $500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25 percent per annum in simple interest or 3.65 percent per year and compounds the interest daily? Support your answer.

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