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- 5. An investment earning 16% simple interest has a maturity value of $9,440.00 after eight months. What was the initial amount invested? A. $8,530.12

- 5. An investment earning 16% simple interest has a maturity value of $9,440.00 after eight months. What was the initial amount invested? A. $8,530.12 B. $10,446.93 C. $7,228.92 D. $8,853.33 E. $7,780.22

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