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Q 4 You want to deposit money for your child s education in a certificate of deposit ( CD ) . You need to choose
Q You want to deposit money for your childs education in a certificate of deposit CD You need to choose between two types of certificate deposits in which to invest money. The two options you have: Account A: $ initial deposit with a annual rate compounded annually Account B: $ initial deposit with a annual rate compounded continuously Calculate the amount of money each account would have at the end of three years and decide which one you would choose.
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