If $20,000 was invested at 5% over ﬁve years, determine the difference if this investment was
based on simple interest versus interest that was compounded annually.

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The Answer of If $20,000 was invested at 5% over ﬁve years, determine the difference if this investment was
based on simple interest versus interest that was compounded annually.

If $20,000 Was Invested at 5% Over ﬁVe Years, Determine