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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 $3400

you can invest in an account that pays simple interest or an account that pays compound interest. in either case, you plan to invest $3400 today and both accounts have an annual interest rate of 8 percent. how much more interset will you receive in the 7th year in the account that pays compound interest

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