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Mathematics
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OpenStudy (anonymous):
ricky and lucy open their own accounts at the bank. Ricky deposits 500.00 into an account that coumpounds its interest annually at a rate of 6.2%. Lucy deposits 500.00 into an account that compounds its interest quarterly at a rate of 6.0%. If they leave their money in the account for 50 years, how much money will each of them have? How much will they have combined?
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