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2 years ago

11

You invested $6,500 in an account that pays 6 percent simple interest. how much more could you have earned over a 10-year period

if the interest had compounded annually?

1 answer:

Klio2033 [76]2 years ago

6 0

6500(1.06^10)-10(6500*.06)+6500=$1240.51

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