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Please explain steps using EXCEL only. Question 6 How much more money would you make on investments that pays interest compounded annually and that pays

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Question 6 How much more money would you make on investments that pays interest compounded annually and that pays simple interest, given the 8% interest rate, $150,000 deposit amount and 15 years? Interest rate # of years Deposit 150,000 15 Simple interest per year Total simple interest FV with simple interest Compound interest Difference

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