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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 $3,000
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $3,000 today and both accounts have an annual interest rate of 9 percent. How much more interest will you receive in the 11th year in the account that pays compound interest?
Group of answer choices $386.35 $369.19 $270.00 $382.04 $382.86
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