Business, 03.06.2021 01:00, amaliathornton22

For the given principal, interest rate, and time period, determine the amount of interest that would be earned in an account paying simple interest. Also determine the amount of interest that would be earned in an account paying compound interest with interest compounded semiannually. Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent. Principal: $3480 Rate: 4.95% Years:

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For the given principal, interest rate, and time period, determine the amount of interest that would...