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OpenStudy (whiteduckling):
Help with one math question?? I do not understand; Kirs plans to use $15,000 to open a savings account with an annual interest rate of 5%. How much more interest will she earn over 8 years if she chooses a compound interest account, with interest compounded quarterly, instead of a simple interest account? interest compounded quarterly: A = P (1 + )4t simple interest: I = P • r • t
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OpenStudy (whiteduckling):
I will medal and fan anyone who can explain and has correct answer
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