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Related to Checkpoint 5.2) (Future value) (Simple and compound Interest) If you deposit $15,000 today into an account earning an annual rate of return
Related to Checkpoint 5.2) (Future value) (Simple and compound Interest) If you deposit $15,000 today into an account earning an annual rate of return of 8 percent, in the third year how much interest would be eamed? How much of the total is simple interest and how much results from compounding of interest? you deposit $15,000 today into an account eaming an annual rate of return of 8%, in the third year how much interest would be eamed? (Round to the nearest cant.) How much of the total is simple interest? (Round to the nearest cent.) How much results from compounding of interest? (Round to the nearest cent.)
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