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Suppose you invested P 786,548 in a fund earning 10% simple interest annually. after 3 years, you have the option of moving your money to

Suppose you invested P 786,548 in a fund earning 10% simple interest annually. after 3 years, you have the option of moving your money to an account that pays at an annual effective rate of 8% compound interest. if you wish to withdraw in 10 more years, determine the net benefits of staying your money in the simple interest account.

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