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You deposit $1500 into an account that pays an interest rate of 4% compounded annually. Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%. Compare the balances of
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Dec 24, 2021
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You deposit $1500 into an account that pays an interest rate of 4% compounded annually. Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%. Compare the balances of the two accounts after 5 years.
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Answer: b
Step-by-step explanation:
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Dec 30, 2021
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