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

#seventeen

You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $1,900 today and both accounts have an annual interest rate of 8 percent. How much more interest will you receive in the 10th year in the account that pays compound interest?

$164.70

$165.52

$169.01

$152.00

$151.85

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