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Suppose you BORROW $10,000 for two years at an APR (Annual Percentage Rate) of 8.75%. Suppose you BUY a two-year $10,000 CD at an APR

Suppose you BORROW $10,000 for two years at an APR (Annual Percentage Rate) of 8.75%.

Suppose you BUY a two-year $10,000 CD at an APR of 8.75% compounded monthly. Then, the difference in the amount of interest is

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