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Precision engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period

Precision engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time? a- $2,481.25 b- $2911.30 c- $3014,14 d- 3250.00 e- 3333,33

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