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3. Precision Engineering invested $200,000 at 7.5 percent interest, compounded annually for 2 years. How much interest in dollars did the company earn over this

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3. Precision Engineering invested $200,000 at 7.5 percent interest, compounded annually for 2 years. How much interest in dollars did the company earn over this period of time? (3 Points) 4. What is the future value of $10,000 invested today and held for 5 years at 5 percent compounded annually? (3 Points)

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