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Paul has deposited $1000 in a savings account paying interest at j = 4.5% and now finds that his deposits have accumulated to $1246.18.
Paul has deposited $1000 in a savings account paying interest at j = 4.5% and now finds that his deposits have accumulated to $1246.18. If he had been able to invest the $1000 over the same period in a guaranteed investment certificate paying interest at / = 6%, to what sum would his $1000 now have accumulated?
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A Pathway To Introductory Statistics
Authors: Jay Lehmann
1st Edition
0134107179, 978-0134107172
