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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 $3,100 today and

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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 $3,100 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? invest Multiple Choice $155.00 $98.31 $102.62 $99.13

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