Emily and Madison both invest $1000 at 10% per year for 4 years. Emily receives simple interest
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Emily and Madison both invest $1000 at 10% per year for 4 years. Emily receives simple interest and Madison gets compound interest. Use a spreadsheet and cell reference formats to develop relations that show a total of $64 more interest for Madison at the end of the 4 years. Assume no withdrawals or further deposits are made during the 4 years.
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Spreadsheet shows relations only in cell reference format Cell E10 will ind...View the full answer
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