Multiple Choice
You invested $1,650 in an account that pays 5 percent simple interest. How much more could you have earned over a 20-year period if the interest had compounded annually?
A) $849.22
B) $930.11
C) $982.19
D) $1,021.15
E) $1,077.94
Correct Answer:
Verified
Correct Answer:
Verified
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