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Susan deposits $40,000 into an account that pays simple interest at a rate of 4% per year. Joe deposits $40,000 into an account that also

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Susan deposits $40,000 into an account that pays simple interest at a rate of 4% per year. Joe deposits $40,000 into an account that also pays 4% interest per year. But it is compounded annually. Find the interest Susan and Joe earn during each of the first three years. Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits. Interest Susan earns Interest Joe earns Year Who earns more interest? (Simple interest) (Interest compounded annually) Susan earns more. First Joe earns more. O They earn the same amour Susan earns more. Joe earns more. Second They earn the same amou Susan earns more. Joe earns more. Third S O They earn the same amou X . 5 Check 2022 McGraw Hi

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