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13. Marsha Johnson has $50,000 to invest in a 4-year CD. Fifth Central Bank offers 4.50% compounded monthly, while American National offers 4.50% compounded
13. Marsha Johnson has $50,000 to invest in a 4-year CD. Fifth Central Bank offers 4.50% compounded monthly, while American National offers 4.50% compounded daily. However, Fifth Central is giving a toaster to anyone who opens a CD. What will the toaster cost Marsha if she goes with Fifth Central?
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