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Mathematics, 06.04.2020 18:54 acamjackie25561

Carlos is looking at different savings account options to save for college.
First Bank offers 1% interest compounded annually. Community Bank offers
2% simple interest. If Carlos is depositing $1,000 into the account for four
years with no additional withdrawals or deposits, which bank is the better
choice?

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Answers: 2

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