Question: Compare the interest earned by $8,000 for five years at 8% simple interest with that eamed by the same amount for five years at 8%

Compare the interest earned by $8,000 for five years at 8% simple interest with that eamed by the same amount for five years at 8% compounded annually The interest earned by $8,000 for five years at 8% simple interest is (Round to the nearest dollar.)

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