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Steve MacMillan invests his $50,000 to the money market account with an annual interest rate of 12.00%. He wants to withdraw his money in two

Steve MacMillan invests his $50,000 to the money market account with an annual interest rate of 12.00%. He wants to withdraw his money in two years from now.

What is the difference in the future value of his principal invested with the simple and compounded interest separately at the end of two years?

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