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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 $2,000
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,000 today and both accounts have an annual interest rate of 9 percent. How much more interest will you receive after ten years in the account that pays compound interest?
0 $263.29
0$246.13
0 $259.80
0$258.98
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