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An amount of $1100 is deposited for 8 years in an account that earns 8% interest. ( Round your answer to two decimal places.) (a)
An amount of $1100 is deposited for 8 years in an account that earns 8% interest. ( Round your answer to two decimal places.) (a) Calculate the simple interest earned. (b) Calculate the interest earned if interest is compounded daily. (c) How much more interest is earned on the account when the interest is compounded daily? 
3/1 Points] DETAILS PREVIOUS ANSWERS AUFEXC4 11.2.039. amount of $1100 is deposited for 8 years in an account that earns 8% Interest. (Round your answers to two decimal pl (a) Calculate the simple interest earned. $ 704 (b) Calculate the interest earned If interest is compounded daily. $ 2085.98 (c) How much more interest is earned on the account when the interest is compounded daily? $ 1381.98 Need Help? Rond 1 Watch Submit
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-0136115274
