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Jenny deposits $50,000 into an account that pays simple interest at a rate of 6% per year. Frank deposits $50,000 into an account that also

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Jenny deposits $50,000 into an account that pays simple interest at a rate of 6% per year. Frank deposits $50,000 into an account that also pays 6% interest per year. But it is compounded annually. Find the interest Jenny and Frank earn during each of the first three years. Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits

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