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Finance
Interest Rates
Compound Interest vs Simple Interest
Between simple interest at 8% and compound interest at 9% higher resulting balance after investing 500 for a period of 10 years and the answer to two decimal places the higher resulting balance after investing 500 for a period of 10 years is
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The higher resulting balance after investing $500 for a period of 10 years with compound interest at 9% is $1,227.92.
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