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Business, 02.04.2021 01:00 jaylan11brown

Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. If the account has simple interest, the 1% interest for year two would be based off . If the account has compounding interest, the 1% interest for year two would be based off .(NOTE: The first choice goes in the first blank, the second choice goes in the second blank)

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Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the fir...
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