Mathematics, 19.03.2021 23:10 buiratsamah
Jim Russell’s $1,500 deposit could earn $18.87 in 12 months in a savings account paying 1.25% daily interest. How much more interest could Jim earn in a 3-month CD that pays 3.26% simple interest every 3 months during the 12-month period (Hint: he will renew the CD 4 times in that 12- month period)?
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Jim Russell’s $1,500 deposit could earn $18.87 in 12 months in a savings account paying 1.25% daily...
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