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Rosa invests $3300 in an account with an APR of 2% and annual compounding. Julian invests $2800 in an accoun with an APR of 3%
Rosa invests $3300 in an account with an APR of 2% and annual compounding. Julian invests $2800 in an accoun with an APR of 3% and annual compounding. Complete parts a through c. a. Compute the balance in each account after 5 and 20 years. After 5 years Rosa will have a balance of approximately \$ After 20 years Rosa will have a balance of approximately $ (Round to the nearest cent as needed.) After 5 years Julian will have a balance of approximately \$ After 20 years Julian will have a balance of approximately $ (Round to the nearest cent as needed.) b. Determine, for each account and for 5 and 20 years, the percentage of balance that is interest. After 5 years approximately \% of Rosa's balance is interest. After 20 years approximately \% of Rosa's balance is interest. (Round to the nearest percent as needed.) After 5 years approximately \% of Julian's balance is interest. After 20 years approximately \% of Julian's balance is interest. (Round to the nearest percent as needed.)
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