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Suppose you are a Private Banker with a client comparing two...

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Accounting

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Suppose you are a Private Banker with a client comparing two investment opportunities for an inheritance of $5,000 to be deposited and not withdrawn for at least 5 years. Choice A offers 5% simple interest and Choice B offers 5% interest compounded annually. You advice that after 5 years, A pays total interest of ____ and B pays total interest of 1,381.41; 1,250.00 6,250.41; 6,381.41 1,159.00;,389.77 None of the answer choices are correct 1,250.00; 1,381.41

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