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12-12-2022
Mathematics

Answered

Sam invests 1700 in a savings account that pays a nominal annual interest rate of 2.74% Sam makes no further payments or withdrawals from this account

David also invests 1700$ in a savings account that pays an annual rate of r% compounded yearly David makes no further payments or withdrawals from this account fund the value of r so that the amount in David’s account after 10 years will be equal to sams account

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