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Simple and compounding interest Given a 2-year simple interest account or 2-year compound interest account both paying 5% interest which would you rather receive? Discuss

  • Simple and compounding interest Given a 2-year simple interest account or 2-year compound interest account both paying 5% interest which would you rather receive? Discuss your preference and provide an example. Include in the discussion the difference between simple and compound interest.
  • Requirements: 250 words

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