Prescriptive test
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02: 58: 00
how much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded
annually rather than earning simple interest?
a. they are the same.
b. $159.65
c. $2,362.03
d. $12,744.65
select the best answer from the choices provided

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