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Mathematics, 16.07.2019 12:50 1031kylepoe03

Interest rates fluctuate with the economy. in the 1980s, the highest cd interest rate was over 16%. by 2009, the highest cd interest rates were approximately 5%. a. if $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance? b. if $1,000 is invested at 5% interest, compounded continuously, for five years, what is the ending balance? c. what is the difference between the two ending balances?

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