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Suppose I deposit $200 in to each of two savings accounts. The first savings account will pay compound interest of 4%, whereas the second
Suppose I deposit $200 in to each of two savings accounts. The first savings account will pay compound interest of 4%, whereas the second savings account will pay simple interest of 4%. After 5 years, what will be the difference between the balance in the first account and the second account?
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For the first account with compound interest the formula for the future value of the d...
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
