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Rachel deposits $30,000 into an account that pays simple interest at a rate of 4% per year. Milan deposits $30,000 into an account that also

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Rachel deposits $30,000 into an account that pays simple interest at a rate of 4% per year. Milan deposits $30,000 into an account that also pays 4% interest per year. But it is compounded annually. Complete the table below by giving the interest each person will earn for each year, Rachel's account (Simple interest) Milan's account (Interest compounded annually) (a) Interest earned during the first year so s si $ (b) Interest earned during the second year (c) Interest earned during the third year si su $

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