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12-10-2022
Mathematics

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Two brothers, Charles and Allen, each inherit $44000 $ ⁢ 44000 . Charles invests his inheritance in a savings account with an annual return of 1.8% 1.8 % , while Allen invests his inheritance in a CD paying 4.6% 4.6 % annually. How much more money than Charles does Allen have after 1 1 year?

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