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4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years. (a) How much will Precision Engineering have at the

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4. (8 points) Precision Engineering invested $120,000 at 5 % interest, compounded annually for 4 years. (a) How much will Precision Engineering have at the end of the 4th year? (b) What is the total interest earned in this investment? (c) How much is the simple interest in this investment based on its initial $120,000? (d) How much is the interest on interest

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