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ted $5,000 ten years ago. He expected to have $13,000 today He has netther added nor withdrawn any money since his inital Burt invest investment. All interest was reinvested and compounded annually, As it turns out, he only has $11,500 in his account today Pick the true statement related to Burts investment from below. Multiple Choice He camed simple interest rather than compound interest He earned a lower interest rate than he expected He did not earn any interest on interest as he expected
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media%2Fe0f%2Fe0f98a8d-a00f-4e54-bd78-f2
media%2F1a2%2F1a27834e-50a4-4c26-8c1e-59
media%2F7bd%2F7bd8aa41-3133-4c09-83f8-04
media%2F4b4%2F4b4e167a-81e7-4a46-8ea8-0c
media%2F2b3%2F2b36670b-08e2-4083-8e0e-f0
media%2F7e6%2F7e659505-656b-4aeb-af1b-d2
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