Two brothers, Mark and Charles, each inherit $27000. Mark invests his inheritance in a savings account with an annual return of 1.8%, while Charles invests his inheritance in a CD paying 4.8% annually.

asked Dec 25, 2023 58.4k views

2 votes

by Tetar

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Explanation: After 1 year Mark has $27,486.00. After 1 year Charles has $28,296.00.

28,296-27,486=810

Answer: $810.00

Atamur answered Dec 31, 2023

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