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II. Solve the following Problems. Explain in details on separate paper. 5. Jeff invests $3,000 in an account that pays 7 percent simple interest. How

II. Solve the following Problems. Explain in details on separate paper. 5. Jeff invests $3,000 in an account that pays 7 percent simple interest. How much more could he have earned over a 20-year period if the interest had compounded annually

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