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Tessa has recently inherited $9700, which she wants to deposit into an IRA account. She has determined that her two best bets are an

Tessa has recently inherited $9700, which she wants to deposit into an IRA account. She has determined that her two best bets are an account that compounds annually at an annual rate of 4.6 % (Account 1) and an account that compounds semi-annually at an annual rate of 2.9 % (Account 2). Step 1 of 2: Which account would pay Tessa more interest?

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