What will be the difference in the total amount accumulated, Other Engineering

What will be the difference in the total amount accumulated

Problem

If the BOL Corporation deposits $20 million of its retained earnings in an aggressive stock ownership fund for only 1 year, what will be the difference in the total amount accumulated (i.e., F) at 18% per year, compounded monthly versus 18% per year simple interest?

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Other Engineering: What will be the difference in the total amount accumulated

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Other Engineering: What will be the difference in the total amount accumulated

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