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Mathematics, 24.03.2021 01:00 vickiw

Roseanne has $500 that she wants to invest. She has the option to invest it at Capital Bank where the money will earn 5% interest compounded annually or Central Bank that pays 5% simple interest. If she leaves the money in the bank for 5 years how much more in dollars and cents would she earn in interest at Capital Bank than she would earn at Central Bank?

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Roseanne has $500 that she wants to invest. She has the option to invest it at Capital Bank where th...
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