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Two brothers, Kevin and Charles, each inherit $ 9 0 0 0 . Kevin invests his inheritance in a savings account with an annual return

Two brothers, Kevin and Charles, each inherit $

9000 .

Kevin invests his inheritance in a savings account with an annual return of

2.9 %,

while Charles invests his inheritance in a CD paying

5.5 %

annually. How much more money than Kevin does Charles have after

1

year?

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