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Mathematics, 02.12.2021 23:20 chasadyyy

6. Reasoning A bank offers two types of accounts. One account pays 1.3% simple interest per year and has no monthly maintenance fee.
The other account pays 2% simple interest per year but charges a
$1 monthly maintenance fee. Into which account would you prefer
to deposit $747 for one year? Explain.

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Answers: 3

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