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You have $540 in an account which pays 4.5% compounded annually. How many additional dollars of interest would you earn over 5 years if you

You have $540 in an account which pays 4.5% compounded annually.  How many additional dollars of interest would you earn over 5 years if you moved the money to an account earning 6.7%?


How many additional dollars of interest would you earn over 5 years from the account that pays 6.7%?

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