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It depends on how you deposit the money 5000 dollars. Checking accounts usually pay very little or 0 interest so we won't be taking that as an option.

a. Savings Account - Savings account usually earn around 1% interest per year. So it will be: 50 dollars in 1 year

b. Certificate of Deposit - CD's usually earn around 4% interest per year. So it will be: 200 dollars in 1 year

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14y ago

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