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An amount of $1400 is deposited for 5 years in an account that earns 7% interest. (Round your answers to two decimal places.) (a) Calculate
An amount of $1400 is deposited for 5 years in an account that earns 7% interest. (Round your answers 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
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
