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4. David wants to invest $6,000 in an account paying 6 percent compounded quarterly. What is the interest on interest after five years? Pick the

4. David wants to invest $6,000 in an account paying 6 percent compounded quarterly. What is the interest on interest after five years? Pick the closest answer. (SIMPLE INTEREST)* * * * 1. $8,081.13 2. $2,081.13 3. $1,800.00 4. $450.00 5. $281.13

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