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Not yet answered Marked out Peter deposited $3000 this morning into an account that pays 5 per cent interest, compounded annually. Barb also deposited $3000
Not yet answered Marked out Peter deposited $3000 this morning into an account that pays 5 per cent interest, compounded annually. Barb also deposited $3000 this morning at 5 per cent interest, compounded annually. Peter will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true? O a. Barb will earn more interest in Year 1 than Peter will O b. Barb will earn more interest in Year 2 than Peter. O c. Peter will earn more interest in Year 3 than Barb will od. After five years, Peter and Barb will both have earned the same amount of interest sha
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