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Unformatted text preview: Amount of Check Amount of Deposit Balance Balanc e brought forward B. The bank statement shows that the above account has a balance of $609.32. What are some possible reasons for the discrepancy in balances? CONTENT:_____ REASONING:_____ COMMUNICATION:_____ TOTAL: _____________ Money Management Free Response NAME:________________________ 2. When the Davis twins were born, their Grandparents invested $10,000 each for their college education. Grandma invested the $10,000 for the first born twin at 6% compounded daily. Grandpa invested the $10,000 for the second born twin at 7% compounded annually. On their 18 th birthday, it was time for the twins to withdraw their money. Which plan was the best? Justify your response. CONTENT:_____ REASONING:_____ COMMUNICATION:_____ TOTAL: _____________...
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- Summer '06
- Grandparent, Target Field, ATM Withdrawal