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Jonathan has $900 to deposit into two different savings accounts.
• Jonathan will de...
Mathematics, 16.04.2021 21:40 lacyfigueroa
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Jonathan has $900 to deposit into two different savings accounts.
• Jonathan will deposit $400 into Account 1, which earns 3.5% annual simple interest.
• He will deposit $500 into Account 2, which earns 2.25% interest compounded annually.
Jonathan will not make any additional deposits or withdrawals. Which amount is closest to the total balance of these two accounts at the
end of the 3 years?
Answers: 3
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