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Jose invests $1500 in an account that earns a 5.6% compounded annually. Marta invests $1500 in a different account that earns 5.7% compounded annually. Compute
Jose invests $1500 in an account that earns a 5.6% compounded annually. Marta invests $1500 in a different account that earns 5.7% compounded annually.
Compute the balances in both the accounts after 10 and 30 years.
Discuss the differences between your ten year and 30-year balances.
Find a website that compares interest rates available for ordinary savings accounts at different banks and identify the range of rates currently being offered. Specify the best rate available.
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