Marilyn receives a $25,000 bonus from her company and decides to put the money toward a
Chapter 3, Problem 51(choose chapter or problem)
Marilyn receives a $25,000 bonus from her company and decides to put the money toward a new car that she will need in two years. Simple interest is directly proportional to the principal and the time invested. She compares two different banks rates on money market accounts. If she goes with Bank of America, she will earn $750 in interest, but if she goes with the Navy Federal Credit Union, she will earn $1500. What is the interest rate on money market accounts at both banks
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