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16 April, 01:46

Melisa has recently inherited $15,000 that she wants to deposit into a savings account for 10 years. She has determined that her two best bets are an account that compounds annually at a rate of 3.95% and an account that compounds continuously at an annual rate of 3.85%. How much interest could Melisa gain after 10 years if she chooses the 3.95% account?

A. $22,097.15

B. $22.044.21

C. $7,097.15

D. $7,044.21

E. None of them

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  1. 16 April, 02:12
    0
    i would say none of them because i am on year one and it is already over the amount in the answer choices
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