Marc deposits $1,500 into two savings accounts.

Asked 6 months ago
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1
Account 1 earns 4% annual simple interest.
• Account 2 earns 4% interest compounded annually.
Marc does not make any additional deposits or withdrawals. What is the sum of the
balances of Account 1 and 2 at the end of 3 years?

1 Answer

2

Answer:3,360.0

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Cindy Fay
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answered 6 months ago