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Emily and her twin sister Erica were each given $500 for their birthday. Emily deposits her money in an account that pays 4.75% interest compounded annually. Erica deposits her money in a 5% simple annual
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Emily and her twin sister Erica were each given $500 for their birthday. Emily deposits her money in an account that pays 4.75% interest compounded annually. Erica deposits her money in a 5% simple annual interest account. After 10 years how much more money will Emily have in her account?

A $22.41
B $45.26
C $250.00
D $295.26

Emily and her twin sister Erica were each given $500 for their birthday. Emily deposits-example-1
User Mir Entafaz Ali
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Emily will have $45.26 more money in her account

User JxAxMxIxN
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