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OpenStudy (anonymous):
Sergio has decided to diversify his investments in the following way: $4,000 in an account earning 3.2% simple interest $4,000 in a savings account earning 2.1% interest compounded annually $7,500 in a certificate of deposit earning 5% interest compounded quarterly How much total interest will Sergio earn on his investments at the end of 4 years? a. $1,240.82 b. $2,123.90 c. $2,497.17 d. $2,507.90
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