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29 July, 23:50

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. 30 July, 00:46
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    6500 (1.06^10) - 10 (6500*.06) + 6500=$1240.51
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