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QUESTION
Wendy Williams can invest $10,000 in a 1-year CD at 4.5% compounded quarterly or a 1-year CD compounded daily. Determine the amount at maturity of each investment. What is the difference in the amount
Wendy Williams can invest $10,000 in a 1-year CD at 4.5% compounded quarterly or a 1-year CD compounded daily. Determine the amount at maturity of each investment. What is the difference in the amounts?
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