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28 votes
28 votes
18. Jameson and Quincy each deposit $7,000 into accounts that earn 6%

interest, but Jameson earns annual simple interest while Quincy earns
annual compound interest. Assuming neither one of them makes any
deposits or withdrawals for 60 months, which of the following is a true
statement?

User Maybe
by
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1 Answer

6 votes
6 votes

Answer:

Jameson will have about $267.58 less in his account than Quincy

Explanation:

User NexusRex
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