brubachercashlin brubachercashlin
  • 11-10-2022
  • Mathematics
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You want to open an account with $2,000. You can earn 4% interest each year, and you plan to leave this account for 6 years. How much more would the account be worth after 6 years by calculating interest compounded daily versus calculating simple interest? (Assume 365 days in a year.) Do not round until the final answer. Round to the nearest cent.

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