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Question 4(3 points) Saved Lenny invests $1,000 for 8 years. For the first 2 years the simple interest rate is 4.4%. For the remaining years
Question 4(3 points) Saved Lenny invests $1,000 for 8 years. For the first 2 years the simple interest rate is 4.4%. For the remaining years the simple interest rate is 3.7%. What is the maturity value of his investment at the end of 8 years? Round your answer to 2decimal places.
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Finite Mathematics And Calculus With Applications
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
9th Edition
