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Question 20 (5 points) Jane has an investment account that pays a 3.5% return compounded annually. The account will have a $8,000 value in 5
Question 20 (5 points) Jane has an investment account that pays a 3.5% return compounded annually. The account will have a $8,000 value in 5 years. Assuming no additional deposits or withdrawals, Jane will earn simple interest on her savings every year for 5 years. could have deposited less money today and still had $8,000 in 5 years if the account paid a higher rate of interest. will earn the same amount of interest each year for 5 years. could earn more interest on this account if the interest earnings were withdrawn annually. has an account currently valued at $8,000
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