6. Math Calculate the amount of interest that would be earned on an investment of $5,500 for...

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6. Math Calculate the amount of interest that would be earned on an investment of $5,500 for two years at a simple interest rate of 8.5 percent. How much more interest would be earned if the interest was compounded quarterly for the two years?

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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