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You have $420 in an account which pays 4.8% compounded annually. How many additional dollars of interest would you earn over 6 years if
You have $420 in an account which pays 4.8% compounded annually. How many additional dollars of interest would you earn over 6 years if you moved the money to an account earning 6.1%? How many additional dollars of interest would you earn over 6 years from the account that pays 6.1%? (Round to the nearest cent.)
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