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Business mathematics Solve the following exercises and word problems using formulas. Time Period Nominal Interest Compound Principal (years) Rate (%) Compound Compounded Amount Interest $3,425

Business mathematics

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Solve the following exercises and word problems using formulas. Time Period Nominal Interest Compound Principal (years) Rate (%) Compound Compounded Amount Interest $3,425 11 6.6 28. monthly 29. $21,800 2.9 semiannually $400 UIN -O 4.2 30. quarterly 31. $9,630 3.1 annually Term of Nominal Interest Present Compound Principal Investment Rate (%) Compounded Value Interest 32. $6,300 14 years 6.3 annually 33. $80,200 9 months 4.8 quarterly 34. $27,500 10 years 3.6 semiannually 35. $2,440 5 years 1.5 monthly the ompound am

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