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Simple interest or compound interest?

If simple --- I = prt

= 300,000 x .05 x 12

total amount = I +p = answer above + 300,000

if compounded annually, P(t) = p((1+r)t)

= 300,000 x ((1.05)12) this is total amount

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Q: How much would 300000 per year with a 5 percent compounded annual for 12 years total?
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