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30-09-2020
Mathematics

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Joey and Magaly both deposited their birthday money into accounts at the bank. Joey deposited $400 into an account that earns 7% interest compounded annually . Who will have a higher ending balance after 5 years? By how much more money ?

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01-10-2020

Answer:

Magaly will have $25.96 more than Joey after 5 years

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