Question
You invested $1,410 in an account that pays 4 percent simple interest. How much more could you have earned over a 5-year period if the
You invested $1,410 in an account that pays 4 percent simple interest. How much more could you have earned over a 5-year period if the interest had compounded annually?
Multiple Choice
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$23.48
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$30.55
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$22.52
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$24.65
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$22.31
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
