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Jose invested $5,100 in an account paying an interest rate of 8 % compounded

quarterly. Michael invested $5,100 in an account paying an interest rate of 83%
compounded monthly. To the nearest dollar, how much money would Michael have
in his account when Jose's money has doubled in value?

1 Answer

8 votes

Answer:

I think he will have 6,56$

User Bcause
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