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How much money will she have at the end of nine years

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Question - Lipsy invests $5,500 in an account that pays 5% simple interest. How much money will she have at the end of nine years.

Lipsy then goes on to invests $4,000 in an account that pays 6% simple interest. How much more could she have earned over an 8-year period if the interest had compounded annually?

Reference no: EM133062841

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