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you have two options of investing $500. the first earns 5% interest compounded annually, and the second earns 7% simple interest. Which option do you

you have two options of investing $500. the first earns 5% interest compounded annually, and the second earns 7% simple interest. Which option do you choose if you want to cash out the investment in 5 years? Why? Which option do you choose if you want to cash out the investment in 10 years? Why? Which option do you choose if you want to cash out the investment in 20 years? Why?

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