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Miguel deposits $1,000 into a new savings account that pays 4% simple interest annually. Valeria deposits $1,000 into a new savings account that pays 4% interest compounded annually. After 4 years, what will be the difference between the interest earned no Miguel's $1,000 deposit and the interest earned on Valerie's $1,000 deposit?
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Miguel deposits $1,000 into a new savings account that pays 4% simple interest annually. Valeria dep...
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