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Business, 20.03.2020 03:47 giavanleer14
Anne deposited $500 in an account that earns 6% simple interest. Shelly deposited $500 in an account that earns 6% interest compounded annually. They leave the money in the account for 4 years. Which statement is true about the two investments after 4 years?
answer choices
Shelly will have $131.24 more in her account than Anne.
They will have the same amount in their accounts.
Shelly will have $11.24 more in her account than Anne.
Anne will have $11.24 more in her account than Shelly.
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Anne deposited $500 in an account that earns 6% simple interest. Shelly deposited $500 in an account...
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