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You invested $20,000 in an account that pays 10 percent simple interest. How much more could you have earned over a 15-year period if the
You invested $20,000 in an account that pays 10 percent simple interest. How much more could you have earned over a 15-year period if the interest had compounded annually?
A. | $33,545 | |
B. | $29,851 | |
C. | $21,749 | |
D. | $27,611 | |
E. | $30,914 |
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