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Tesa has recently inherited $ 9 7 0 0 , which she wants to deposit into an 1 2 A account. She has determined that

Tesa has recently inherited $9700, which she wants to deposit into an 12 A account. She has determined that her two best bets are an account that compounds annually at a rate of 5%(Account 1) and an account that compounds semi-annually at an annual rate of 3%(Account 2).
Step 1 of 2 : Which account would pay Tessa more interest? (Hine Suppose t=1 and compare the future values)
Answer 2 Points
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Account 1
Account 2
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