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Posted on Jun 09, 2024

If $700 is invested at 7% compounded quarterly, what is the interest earned after: a) 2 years Interest earned = $_________ b) 7 years Interest

If $700 is invested at 7% compounded quarterly, what is the interest earned after:

a) 2 years

Interest earned = $_________

b) 7 years

Interest earned = $_________

**Need to show work**

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