Staci invested 950 five years ago her investment paid 72, Financial Management

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Staci invested 950 five years ago her investment paid 72

Staci invested $950 five years ago. Her investment paid 7.2 percent interest compounded monthly. Staci’s twin sister Shelli invested $900 at the same time. But Shelli’s investment earned 8 percent interest compounded quarterly. How much is each investment worth today?

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Financial Management: Staci invested 950 five years ago her investment paid 72

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