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Mathematics, 27.10.2020 18:10 richchillnqueenz1ma

Moira plans to deposit $1000 into a bank account and leave it in the bank to gather interest for 5 years. She researches the interest rates at two banks. Her findings are in the table below.

Bank A

Bank B

interest rate: 4%

compounded monthly

interest rate: 4%

compounded continuously

Compute the amount of money that Moira would have in Bank A after 5 years.

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