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Intro You put $1,000 into a savings account that pays 12% in annual interest. Part 1 How much money will you have after 7 years

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Intro You put $1,000 into a savings account that pays 12% in annual interest. Part 1 How much money will you have after 7 years if the account pays only simple interest? Part 2 How much money will you have after 7 years if the account pays interest compounded annually

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