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Blanche has recently inherited $7200 , which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds annually at an annual rate of 4.4% (Account 1) and an account that compounds semi-annually at an annual rate of 3.6% (Account 2). Step 2 of 2: How much would Blanche's balance be from Account 1 over 3.4 years? Round to two decimal places.

asked
User Dstudeba
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7.6k points

1 Answer

5 votes

This should be the answer.

Blanche has recently inherited $7200 , which she wants to deposit into a CD account-example-1
answered
User Dmitriy Khaykin
by
7.3k points
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