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Maria has recently inherited $ 5 4 0 0 , which she wants to deposit into a CD account. She has determined that her two

Maria has recently inherited $5400
, which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds monthly at an annual rate of 3%
(Account 1) and an account that compounds annually at an annual rate of 4.8%
(Account 2).
Step 2 of 2 : How much would Maria's balance be from Account 2 over 2
years? Round to two decimal places.

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