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QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 1 • FL-2102371-Personal Finance and Money Management

How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest?a.They are the same.b.$159.65c.$2,362.03d.$12,744.65

Answer
A
A
B
B
C
C
D
D
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