Solve the problem.You just put $1909 in a CD that is expected to earn 7% compounded monthly, and  in a savings account that is expected to earn 4% compounded annually. Determine when, to the nearest year, the values of your two investments will be the same.

A. 59 years
B. 18 years
C. 32 years
D. 46 years


Answer: D

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A. - 
B. - 
C.
D.

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