Multiple Choice
Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded monthly and the second at 4.9% compounded annually. Calculate the total value of his investment in two years.
A) $1100.55
B) $1100.40
C) $2000
D) $2200.95
E) $2100.55
Correct Answer:
Verified
Correct Answer:
Verified
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