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Precision Engineering invested $95,000 at 5.5 percent interest, compounded annually for 2 years. How muc interest did the company earn over this period of time?
Precision Engineering invested $95,000 at 5.5 percent interest, compounded annually for 2 years. How muc interest did the company earn over this period of time? Select one: a. $2,612.50 b. $10,931.36 c. $95,000 d. $10,737.38 e. $10,450.00 Roberto just deposited $11,500 into his savings account at Security Savings Bank. The bank will pay .55 percent interest, compounded annually, on this account. How much interest on interest will he earn over the next 6 years? ut of Select one: a. $7.60 b. $87.03 c. $7.84 d. $6.78 e. $5.26 VOLE B966 e. $5.26 Theodoro has just received an insurance settlement of $18,500. She wants to save this money until her daughter goes to college. If she can earn an average of 5.2 percent, compounded annually, how much will she have saved when her daughter enters college 9 years from now? Select one: a. $30,485.41 b. $29,431.45 c. $30,931.28 d. $29,662.53 e. $29,195.33 Articles associated with this question: The $2 Trillion Question Hanging Over Aramco's IPO Question: According to the article, Aramco is targeting a valuation of up to $2 trillion and has set a base valuation of around $1.7 trillion. Investors believe that $1.5 trillion is more realistic. out of Select one: True Non False
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