Question: Compare simple and compound interest (compounded annually) on a principal of $25,000 at an annual rate of 4%. Find the number of years it takes

Compare simple and compound interest (compounded annually) on a principal of $25,000 at an annual rate of 4%. Find the number of years it takes for the the difference of the TOTAL using Simple interest and TOTAL using compound interest (compounded annually) to reach more than $1000.

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