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MH 120 Test Review Protected Vw Microsoft Word seorgnated from an internet location and might be Chick for more details being 2. Two new parents
MH 120 Test Review Protected Vw Microsoft Word seorgnated from an internet location and might be Chick for more details being 2. Two new parents invest $5,000 for their son on the day he is bom. They get an account that gives 6.25% interest, compounded quarterly. When the boy turns 18, how much will the investment account be worth? 3. While shopping at a local antique store, you find a moss-covered, three-handled family gredunza. It's in perfect condition, so you HAVE to have it. You pay $750 with your credit card. If the credit card has an 18.9% interest rate, compounded continuously, how much will you owe on this balance after three years? 4. After graduation, you decide to live in an apartment for a while. You want to set aside some money so you can make a down payment on a house later. You take some of the money you earn in your first job and put it in an account that pays 5.5% interest, compounded continuously. If you want the account to be worth $15,000 in six years, how much do you need to invest now
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