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*I know the answer is $33,588 but I want an explanation using a FINANCIAL CALC not the formula. When using my calculator I get $404,305.
*I know the answer is $33,588 but I want an explanation using a FINANCIAL CALC not the formula. When using my calculator I get $404,305. Thanks!
Jonathan invested $6,220 in an account that pays 11 percent simple interest. How much money will he have at the end of 40 years?
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