Question: TRY IT! EXAMPLES - SIMPLE AND COMPOUND INTEREST 1. Consider $1,000 is being invested for 25 years at 10% interest. a. Determine the amount in

TRY IT! EXAMPLES - SIMPLE AND COMPOUND INTEREST 1. Consider $1,000 is being invested for 25 years at 10% interest. a. Determine the amount in the account after 10 years if the account earns simple interest. b. Determine the amount in the account after 10 years if the account carns interest compounded annually

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