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Cavanaugh is saving up for a boat and plans to invest money in the hopes of reaching $9300 on November 14, 2022. He plans to
Cavanaugh is saving up for a boat and plans to invest money in the hopes of reaching $9300 on November 14, 2022. He plans to invest $1200 on January 15, 2022, a second amount on March 27, 2022, and a third amount that is quadruple the second on July 25, 2022. Assume that his investments earn a simple interest rate of 3.5%. Use the time diagram below to determine the values of Cavanaugh's second and third payments
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