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You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,100
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,100 today and both accounts have an annual interest rate of 5 percent. How much more interest will you receive in the 10th year in the account that pays compound interest?
A $71.56
B $75.05
C $70.74
D $105.00
E $57.89
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