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Rick Tracy invested $100,000 for 15 years in an account that pays 4% simple interest. Calculate how much more he could have earned over the

Rick Tracy invested $100,000 for 15 years in an account that pays 4% simple interest. Calculate how much more he could have earned over the life of the investment if the interest had compounded annually.

Points: 1

  1. $9,077

  2. $15,346

  3. $17,150

  4. $18,748

  5. $20,094

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