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Nemo wants to invest $1,000 for 4 years. Which one of the following rates will provide him with the largest future value? 7 percent simple

Nemo wants to invest $1,000 for 4 years. Which one of the following rates will provide him with the largest future value? 7 percent simple interest 5 percent interest, compounded annually O 5 percent simple interest 7 percent interest, compounded annually O 6 percent interest, compounded annually

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