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Lilian deposits $50 at the beginning of each month into an account, which pays 4% interest compounded semiannually. If simple interest is paid for part
Lilian deposits $50 at the beginning of each month into an account, which pays 4% interest compounded semiannually. If simple interest is paid for part of a period, how much will she have at the end of one year? a. $302.50 1.022 - 1 0.02 d. $303.50 1.022 -1 -.1.02 0.02 12 -1 b. $303.50 1.022 -1 0.02 e. 50.16.00 .. ( 1 + 0 ) .04 12 1 .0422 -1 1.022-1 $302.50. -1.02 0.02 c. f. 50 .04 12
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