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Given the annual interest rate of each, which account will earn the most interest on a $10,000 deposit over 7 years?

Given the annual interest rate of each, which account will earn the most interest on a $10,000 deposit over 7 years?
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Given the annual interest rate of each, which account will earn the most interest on a $10,000 deposit over 7 years?

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User Leyton
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1 Answer

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The account with the highest effective annual rate will earn the most interest on any given amount for any given time period.
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User Sibbs Gambling
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