On January 1, Kim places $1000 in a certificate of deposit that pays 6.8% compounded continuously and
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On January 1, Kim places $1000 in a certificate of deposit that pays 6.8% compounded continuously and matures in 3 months. Then Kim places the $1000 and the interest in a passbook account that pays 5.25% compounded monthly. How much does Kim have in the passbook account on May 1?
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68 compounded continuously for 3 ...View the full answer
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Muhammad Umair
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