Find the interest earned on $25,000 invested for 7 years at 4% interest compounded as follows.
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Mathematics, 26.09.2019 07:30 thanitoast84
Find the interest earned on $25,000 invested for 7 years at 4% interest compounded as follows.
a. annually
b. semiannually (twice a year)
c. quarterly
d. monthly
e. continuously
.
a. compounding annually, the interest earned is $
(round to the nearest cent as needed.)
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