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Mathematics, 22.10.2020 19:01 alyxkellar06

Credit card A is running a promotion where they will charge 0% interest for the first year, and then 0.8% compounded continuously after that. Credit card B has an interest rate of 0.7%, also compounded continuously. If you are going to make a $500 purchase and plan to not make a single payment for 2.5 years, which credit card should you go with? Write the equation showing the total balance at the end of 2.5 years for that card. How much money invested at 5% compounded continuously for 3 years will yield $820

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