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If $16,000 is invested in an account for 30 years. Calculate the total interest earned at the end of 30 years if the interest is:
If $16,000 is invested in an account for 30 years. Calculate the total interest earned at the end of 30 years if the interest is: (a) 5% simple interest: $ (b) 5% compounded annually: $ (c) 5% compounded quarterly: $ (d) 5% compounded monthly: $ Round your answers to the nearest cent
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