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Tina DeLeon deposited $2,700 today in an account paying 6 percent interest annually. (Round your final answer to 2 decimal places. Do not round intermediate
Tina DeLeon deposited $2,700 today in an account paying 6 percent interest annually. (Round your final answer to 2 decimal places. Do not round intermediate calculations!) a. What would be the simple interest earned on this investment in 5 years? Simple interest on investment b. With annual compounding, how much interest-on-interest would Tina earn in 5 years? Interest-on-interest
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
