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(b) Suppose you're an investor who is very flexible in terms of the amount (principal, P) and the time ( t ) you will be

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(b) Suppose you're an investor who is very flexible in terms of the amount (principal, P) and the time ( t ) you will be willing to keep your money in the Bank A, located in the USA. Bank A's rates are always at simple interest. How much would be the amount (A) you would have at the end of the period in each of the situations below? Also, calcumite the total interest (I) the bank would have paid you when the investment matures: (i) US $1,000,000 invested (principal, P) for 3 years ( t ), at 8% p.a. (r) (ii) US $1,250,000 invested (principal, P) for 4 years (t), at 9.5% p.a. (r) (iii) US $50,000 invested (principal, P) for 7 years ( t ), at 6.5% p.a. (r) (iv) US $850,000 invested (principal, P) for 3 years ( t ), at 7.5% p.a. (r) (v) US $500,000 invested (principal, P) for 5 years ( t ), at 5% p.a. (r)

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