Multiple Choice
Jeff invests $3,000 in an account that pays 7% simple interest. How much more could he have earned over a 20-year period if the interest had compounded annually?
A) $2,840.00
B) $3,212.12
C) $3,778.54
D) $4,087.18
E) $4,409.05
Correct Answer:
Verified
Correct Answer:
Verified
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