Taylor has $12,000 which she would like to invest. She can either invest in a CD earning 3.3% annual interest compounded quarterly, or she can deposit the money in a savings account earning 3.25% annual interest compounded monthly. If she chooses the investment with the maximum return, how much interest will she have earned at the end of 5 years?

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The Answer of Taylor has $12,000 which she would like to invest. She can either invest in a CD earning 3.3% annual interest compounded quarterly, or she can deposit the money in a savings account earning 3.25% annual interest compounded monthly. If she chooses the investment with the maximum return, how much interest will she have earned at the end of 5 years?

Taylor Has $12,000 Which She Would Like to Invest