Question: Answer the question Will you earn more interest in one year by depositing $4000 in a simple interest account that pays 6%, or in an

Answer the question

Will you earn more interest in one year by depositing $4000 in a simple interest account that pays 6%, or in an account that pays 5.9% interest compounded daily? How much more interest will you earn? i Click the icon to view some finance formulas . . . O In which account will you earn more interest? Select the correct choice below and fill in the answer box within your choice. (Round to the nearest dollar as needed.) A. You will earn $ more interest in the simple interest account than in the compound interest account. O B. You will earn $ more interest in the compound interest account than in the simple interest account

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