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17-02-2020
Business

contestada

Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
monthly.

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Shekynah77 Shekynah77

17-02-2020

Answer:

$3443.86

Explanation:

a=p(1+r/n)^nt

a=2450(1+.0525/12)^12*6.5

3443.86

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