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Staci invested $950 three (3) years ago. Her investment paid 9.6 percent interest compounded monthly. Staci's twin sister Shelli invested $900 at the same time.
Staci invested $950 three (3) years ago. Her investment paid 9.6 percent interest compounded monthly. Staci's twin sister Shelli invested $900 at the same time. But Shelli's investment earned 10 percent interest compounded quarterly. How much is each investment worth today? Do not round intermediate calculations. Round your answers to the nearest cent. |
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