Taylor has $11,000 which she would like to invest. She can either invest in a CD earning 3.1% annual interest compounded quarterly, or she can deposit the money in a savings account earning 2.9% annual interest compounded monthly. If she chooses the investment with the maximum return, how much will she have at the end of 5 years?

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The Answer of Taylor has $11,000 which she would like to invest. She can either invest in a CD earning 3.1% annual interest compounded quarterly, or she can deposit the money in a savings account earning 2.9% annual interest compounded monthly. If she chooses the investment with the maximum return, how much will she have at the end of 5 years?

Taylor Has $11,000 Which She Would Like to Invest