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You invested $295 into a compound interest account that earned 7.79%. Your friend invested the same amount into a simple interest account earning the same
You invested $295 into a compound interest account that earned 7.79%. Your friend invested the same amount into a simple interest account earning the same percent. How much more did you have in your account after 11 years?
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
11th edition
1111571260, 978-1111571269
