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Determine the accumulated and the discounted value of $1000 over 55 days at 7% using both ordinary and exact simple interest. (Do not round intermediate

Determine the accumulated and the discounted value of $1000 over 55 days at 7% using both ordinary and exact simple interest. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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Ordinary interest $ $
Exact interest $ $

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