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Bank ABC offers a 30 -year CD that pays a 10.% interest compounded annually. Bank XYZ also offers a 30 -year CD that pays 9.5%
Bank ABC offers a 30 -year CD that pays a 10.% interest compounded annually. Bank XYZ also offers a 30 -year CD that pays 9.5% interest compounded continuously. How much would a $1,000 initial investment in each bank's CD be worth at maturity? Bank ABC: Bank XYZ: (Round to the nearest dollar)
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