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You invest $ 8 0 0 at an annual rate of 8 % for 1 2 years. How much more interest would you earn with

You invest $800 at an annual rate of 8% for 12 years. How much more interest would you earn
with compound interest than with simple interest for (a) the whole 12 years; and (b) in just year
7 by itself?
COMPOUND VS. SIMPLE INTEREST
ANNUAL RATE
AMOUNT TODAY
ENDING YEAR
SINGLE YEAR WITHIN FULL PERIOD
TOTAL INTEREST FOR FULL PERIOD
SIMPLE INTEREST FOR EACH AND EVERY YEAR
SIMPLE INTEREST FOR FULL PERIOD
MORE COMPOUND INTEREST THAN SIMPLE FOR FULL PERIOD
COMPOUND INTEREST FOR SINGLE YEAR WITHIN FULL PERIOD
MORE COMPOUND INTEREST THAN SIMPLE FOR SINGLE YEAR
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