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Jerome wants to invest $20,000 as part of his retirement plan. He can invest the...

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Algebra

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Jerome wants to invest $20,000 as part of his retirement plan. He can invest the money at 5.1% simple interest for 32 yr, or he can invest at 3.7% interest compounded continuously for 32 yr. Which investment plan results in more total interest?3.7% interest compounded continuously5.1% simple interest

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