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4 January, 17:06

20. Tammy sold a diamond ring for $10,000. She placed half of the money into a CD with a 3.9% interest

rate compounded daily. She placed the other half into a CD with the same interest rate but compounded

monthly. What is the difference in the interest earned on each amount after 4 years?

a. $1.43

b. $2.85

c. $125.31

d. $128.16

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Answers (1)
  1. 4 January, 17:09
    0
    The answer is B because I just answered this question and got it right
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