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Mary Mason has 25,000 to invest for a year.She can lend it to her brother who has agreed to pay 6% simple interest for the
Mary Mason has 25,000 to invest for a year.She can lend it to her brother who has agreed to pay 6% simple interest for the year. Or, she can invest it with a bank at 4% compounded quarterly for the year. How much additional interest would the simple interest loan to her brother generate? Use the compound interest table.
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