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barnettanybug barnettanybug
  • 20-03-2017
  • Mathematics
Answered

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?

Verified Answer :

irspow
irspow irspow
  • 20-03-2017

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

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