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resolver You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest

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You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $3,300 today and both accounts have an annual interest rate of 7 percent. How much more interest will you receive in the 8 th year in the account that pays compound interest? Multiple Choice $231.00

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