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Soo Hyun recently sold her car for $2,500 and has no immediate plans for spending the money. She is considering opening either a regular passbook
Soo Hyun recently sold her car for $2,500 and has no immediate plans for spending the money. She is considering opening either a regular passbook account or a one-year CD. Refer to the savings account rates for Great Start Community Bank to answer the following question: Compared to interest on a passbook savings account, how much more interest would her money earn with the one-year CD? The CD compounds interest monthly. Use the compound interest calculator below to compute your
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