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You Invested $1,400 in an Account That Pays 5 Percent

Question 14

Multiple Choice

You invested $1,400 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) $749.22
B) $830.11
C) $882.19
D) $901.15
E) $914.62

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