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Savings account that earns compound interest

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Reference no: EM131073747

Suppose that Celeste invests $10,000 in a savings account that earns compound interest (monthly) at an annual percentage rate of 4.3%, and Jeffrey invests $10,000 in a savings account that earns compound interest (quarterly) at an annual percentage rate of 4.3%. Who earns more after 2 years, and how much more does he/she earn?

Reference no: EM131073747

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