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19 April, 02:09

Marcus will deposit $500 into account A which earns 3.5% annual simple interest. He will deposit $325 into account B which earns 3.25% interest compounded annually. Marcus will not make any additional deposit or withdrawals. which amount is closest to the total balance of these two accounts at the end of 2 years?

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  1. 19 April, 02:14
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    Amount which is closest to the total balance of these two accounts at the end of the second year is $882.08
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