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OpenStudy (anonymous):
A Bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest $2,000 for the next 4 years. Which account earns you the most interest (in dollors) after 4 years? How much will you have earned? A.) Plan A; $524.95 B.) Plan B; $524.95 C.) Plan B; $1,040.00 D.) Plan A; $1,040.00
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