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Mathematics 14 Online
OpenStudy (anonymous):

Exponential & Logarithmic Functions: Currently you have $3,000.00 in your checking account. Youhave a choice of keeping your money for five years in a saving account with a 2% interest rate, or in a five year certificate of deposit with an interest rate of 4.5%. Calculate how much interest you would earn with each option over five years time with compounding.

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