An initial deposit of $5,460.75 is placed in a simple interest savings account with an annual interest rate of 3.92%. After 51 months, the account balance is $6,370.51.

Part A: If the same initial deposit is invested for the same number of months at the same rate, with interest compounded semiannually, what is the final account balance? Show all work. (3 points)

Part B: How does the compound interest account balance from part A compare to the simple interest final account balance of $6,370.51? (2



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