Question
14. Five years ago, $1,200 was deposited into a savings account paying 4.5 percent interest. Today, the balance in the account is $1,500. If interest
14. Five years ago, $1,200 was deposited into a savings account paying 4.5 percent interest. Today, the balance in the account is $1,500. If interest paid on the account was compounded annually, how much interest on interest was earned? (please i need to explain )
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
