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24 May, 15:53

You invested $6,500 in an account that pays 6 percent simple interest. how much more could you have earned over a 10-year period if the interest had compounded annually?

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  1. 24 May, 16:55
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    6500 (1.06^10) - 10 (6500*.06) + 6500=$1240.51
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