Math

A bank offers two interest account plans. Plan A gives you 6% interest compound annually. Plan B gives you 13% annual simple interest. You plan to invest $2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have earned?

Plan A $524.95
Plan B $524.95
Plan B $1,040.00••
Plan A $1,040.00

Correct me

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  1. you are correct.

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