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Cam and Madison were investing money into two different accounts. They both invested $550 each. Cam invested into an account at an annual interest
Cam and Madison were investing money into two different accounts. They both invested $550 each. Cam invested into an account at an annual interest rate of 2.7% compounded monthly and Madison invested into an account that had an annual interest rate of 3% compounded quarterly. Which statement below best describes the two accounts after 5 years? O Cam's account has approximately $60 more after 5 years than Madison's account. O Madison's account has approximately $9 more after 5 years than Cam's account. Cam's account has approximately $12 more after 5 years than Madison's account. O Madison's account has approximately $80 more after 5 years than Sal's account.
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