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New Grains Cooperative wants to invest $46,000 in a short-term deposit. The bank offers 1.9% interest for a one-year term and 1.8% for a six-month

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New Grains Cooperative wants to invest $46,000 in a short-term deposit. The bank offers 1.9% interest for a one-year term and 1.8% for a six-month term. (a) How much would New Grains receive if the $46,000 is invested for one year? (b) How much would New Grains receive at the end of one year if the $46,000 is invested for six months and then the principal and interest earned is reinvested for another six months? (c) What would the one-year rate have to be to yield the same amount of interest as the investment

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