The cash balance in Amalias account with her stockbroker earns interest on the daily balance at an
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The cash balance in Amalia’s account with her stockbroker earns interest on the daily balance at an annual rate of 4%. Accrued interest is credited to her account every six months—on June 30 and December 31. As a result of the purchase and sale of securities from time to time, the account’s balance changed as follows:
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