(c) If Shudan maintained an average balance of $350 in a NOW checking account earning 3 percent...
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(c) If Shudan maintained an average balance of $350 in a NOW checking account earning 3 percent interest, how much interest would she have earned on her money after one year? (Hint: Use Appendix Table A.1 or visit the Garman/Forgue website. Do not forget to subtract Shudan’s initial lump-sum deposit from the derived answer.)
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