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Students will be able to think flexibly to [apply] an effective strategy to solve a...

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Algebra

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Students will be able to think flexibly to [apply] an effective strategy to solve a problem. This question has multiple parts. Michael is saving up money to buy his first car. He has a choice between the following savings account interest rates:1. 5% interest compounded yearly2.4.95% compounded monthly3. 4.9% compounded continuouslyFind the amount in each account after one year if $5,000 is put into each account initially. Putting yourself in this situation, what account would you invest you

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