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Business, 08.06.2021 02:00 adwinajames

If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7% for three years which one will pay more and by how much approximately? a. Simple interest by $50.00
b. Compound interest by $22.97
c. Compound interest by $150.75
d. Compound interest by $150.00
e. None of the above.

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If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded...

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