How many additional dollars of interest

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Reference no: EM13890435

You have $1,000 in an account which pays 5% ANNUAL compound interest. How many ADDITIONAL dollars of interest would you earn over a four year period if you moved the money to an account earning 7%?

A. $95.29

B. $97.72

C. $46.97

D. $48.33

Reference no: EM13890435

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