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Solve the Problem $815.29;$815.29\$ 815.29 ; \$ 815.29 B) Kerry $612.51;$1036.38\$ 612.51 ; \$ 1036.38

Question 82

Multiple Choice

Solve the problem.
-Kerry invests $362 in a savings account that earns 5.4% compounded annually. Andy invests $362 in a savings account that earns 7% compounded annually. How much is in each of their accounts
After 10 years and after 20 years?


A) Kerry: \$680.45; \$680.45
Andy: $815.29;$815.29\$ 815.29 ; \$ 815.29

B) Kerry: $612.51;$1036.38\$ 612.51 ; \$ 1036.38
Andy: \$712.11; \$1400.83

C) Kerry: \$581.13; \$983.29
Andy: \$665.52; \$1309.18

D) Kerry: $551.36;$839.77\$ 551.36 ; \$ 839.77
Andy: \$621.98; \$1068.68

Correct Answer:

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