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How much additional dollars of interest would earn over year

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Reference no: EM132500065

Question 1: You have $500 in an account which pays 5% compound interest. How much additional dollars of interest would you earn over 4 years if you moved the money to an account earning 6%?

Option A) $21.89

Option B) $23.49

Option C) $24.93

Option D) $25.88

Option E) $29.94

Reference no: EM132500065

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