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Debra King deposited $2,700 today in an account paying 6 percent interest annually. (If you solve this problem with algebra round intermediate calculations to 6
Debra King deposited $2,700 today in an account paying 6 percent interest annually. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) What would be the simple interest earned on this investment in 5 years? Simple interest on investment $ With annual compounding, how much interest-on-interest would Debra earn in 5 years? Interest-on-interest
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