Mathematics, 03.08.2020 14:01, landonp101

Cedric has deposited $12,000 into an account that pays 5% interest compounded annually. Daniel has deposited 12,000 into an account that pays 7% simple annual interest. In 15 years Cedric and Daniel compare their respective balances. To the nearest dollar, what is the positive difference between their balances?

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Cedric has deposited $12,000 into an account that pays 5% interest compounded annually. Daniel has d...