Sam has $2,000 that he plans to invest either in a cd or a savings account. the value of the cd is given by the function a(t)=2000(1.002)^t, where t is the time in years, since the money was invested. the value of the savings account over 3 months is given in the table.
*table info*
time in months value in dollars
0. $2,000
1. $2,004.20
2. $2008.41
3. $2012.62
-find the monthly percent increase for the savings account.
-find the equivalent monthly interest rate for the cd.
-should sam invest in a cd or a savings account.