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Robert and Rosie both invested $7,500 5 years ago.They both earned a 12% return, however Robert earned a simple return of 12% and Rosie earned
Robert and Rosie both invested $7,500 5 years ago.They both earned a 12% return, however Robert earned a simple return of 12% and Rosie earned a compounded return of 12%.How did this difference in compounding affect their investments' value today?
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Robert will have $1,218 more than Rosie
Rosie will have $1,218 more than Robert
Robert will have $3,600 more than Rosie
Rosie will have $3,600 more than Robert
Their investments will be worth the same
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