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OpenStudy (anonymous):
Manda has $1,500.00 to invest. She has the option to invest this in a certificate of deposit that pays 5.75% over 2 years or in a money-market account that pays 3.75% over 3 years. a. How much interest will the certificate of deposit pay at the end of the 2-year period? b. Which year is the better investment?
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