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Mathematics, 20.09.2021 17:40 greenhusky

Monica is depositing $6,000 into a savings with an interest rate of 4.25%
for 8 years. How much more interest
will she earn if the interest is
compound interest, compounded
annually as opposed to simple
interest?

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Answers: 1

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Monica is depositing $6,000 into a savings with an interest rate of 4.25%
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