Find the simple interest for the period indicated. Then use table values to find the compound interest. Finally, find the difference between compound interest and simple interest. Round to the nearest cent. (Interest is compounded annually.)
Principal: $5,929 Rate: 5% Years: 14
A. $1,659.70
B. $1,397.16
C. $3,438.41
D. $7,588.71
Answer: A
Mathematics
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