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CBA 10 Financial Literacy Review Flashcards | StudBud
CBA 10 Financial Literacy Review
1 / 10
Deposit of $3,000. Account X pays 2.1% simple annual interest. Account Y pays 2.4% interest compound. Time is 5 years
A
Account Y would earn Monica about $62.70 more interest than Account X.
B
Account Y would earn Monica about $45.00 more interest than Account X
C
Account X would earn Monica about $45.00 more interest than Account Y.
D
Account X would earn Monica about $62.70 more interest than Account Y.
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