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1.You invest $500 into a savings account which pays 8.5% annual interest compounded quarterly.What will the total account balance be after two years? 2.You invest

1.You invest $500 into a savings account which pays 8.5% annual interest compounded quarterly.What will the total account balance be after two years?

2.You invest $1,200 into a 12-month certificate of deposit which will pay 6.6% annual interest.How much interest will you earn if interest is compounded annually?

3.You invest $1,200 into a 12-month certificate of deposit which will pay 6.6% annual interest.How much interest will you earn if interest is compounded monthly?

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