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Find the interest earned on $15,000 invested for 5 years at 7% interest compounded as follows. a. Annually b. Semiannually (twice a year) c.
Find the interest earned on $15,000 invested for 5 years at 7% interest compounded as follows. a. Annually b. Semiannually (twice a year) c. Quarterly d. Monthly e. Continuously a. Compounding annually, the interest earned is $ (Round to the nearest cent as needed.) b. Compounding semiannually, the interest earned is (Round to the nearest cent as needed.) c. Compounding quarterly, the interest earned is $ (Round to the nearest cent as needed.) d. Compounding monthly, the interest earned is $ (Round to the nearest cent as needed.) e. Compounded continuously, the interest earned is $ (Round to the nearest cent as needed.) B
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