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Mathematics, 22.04.2020 21:30 cxttiemsp021

Walter invested $5,000 each in two plans. Plan A pays $280 per year, and plan B pays

5% interest compounded annually.

At the end of which year does the total interest earned under plan B exceed that earned

under plan A for the first time?

a.5th year

b.6th year

c.7th year

d.8th year

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Answers: 1

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Walter invested $5,000 each in two plans. Plan A pays $280 per year, and plan B pays

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