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Jenna wants to have $15,000 in 8 years. She can choose between the following three accounts: Account 1 pays 6% simple interest. Account 2 pays
Jenna wants to have $15,000 in 8 years. She can choose between the following three accounts: Account 1 pays 6% simple interest. Account 2 pays 5.7% compounded quarterly. Account 3 pays 5.6% compounded continuously. Round your answer to the nearest cent. Enter only a number (like 456.78). How much would she have to deposit in Account 1 to meet her goal? $ How much would she have to deposit in Account 2 to meet her goal? $ How much would she have to deposit in Account 3 to meet her goal? $ Which account should she choose in order to deposit the least amount today? A. Account 1 B. Account 3 C. Account 2
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