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Andrew believes he will receive a $15,000 bonus next year, and just calculated its present...

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Andrew believes he will receive a $15,000 bonus next year, and just calculated its present value. He used an interest rate called the in his calculation. current yieid effective rate compound rate simple rate discount rate Question 26 2.5pts You invested $6,500 at 6 percent simple interest. How much more could you have earned over a 10 -year period if the interest had compounded annually? $1,049.22 $930.11 $1,182.19 $1,201.15 $1,240.51

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