How much more interest will he? earn

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Reference no: EM131963621

Dave won a photography contest and received a $1325 cash prize. Will he earn more interest in 1 year if he invests his winnings in a simple interest account that pays 6% or in an account that pays 5.75?% interest compounded? monthly? How much more interest will he? earn?

Reference no: EM131963621

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