03 EXP INT: Problem 5 (1 point) If $700 is invested at 7% compounded quarterly, what...
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03 EXP INT: Problem 5 (1 point) If $700 is invested at 7% compounded quarterly, what is the interest earned after: a) 6 years Interest earned = $ 61.51 b) 4 years Interest earned = $ 607.19 Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 6 times. 03 EXP INT: Problem 5 (1 point) If $700 is invested at 7% compounded quarterly, what is the interest earned after: a) 6 years Interest earned = $ 61.51 b) 4 years Interest earned = $ 607.19 Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 6 times.
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