Dave won a photography contest and received a 1325 cash, Financial Management

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Dave won a photography contest and received a 1325 cash

Dave won a photography contest and received a $1325 cash prize. Will he earn more interest in 1 year if he invests his winnings in a simple interest account that pays 6% or in an account that pays 5.75?% interest compounded? monthly? How much more interest will he? earn?

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Financial Management: Dave won a photography contest and received a 1325 cash

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Financial Management: Dave won a photography contest and received a 1325 cash

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