CR7 invests $30,000 in an account that pays 5% simple interest. How much more could...

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Finance

CR7 invests $30,000 in an account that pays 5% simple interest. How much more could he have earned over a 5-year period if the interest had compounded quarterly? a. $975.74 b. $936.56 c. $961.12 d. $845.55 e. $902.54

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