Loretta invested $1000 in a simple interest account yielding 5% paid annually.
In 2 years, she...
Mathematics, 22.04.2020 23:59 brianrodriguez2005
Loretta invested $1000 in a simple interest account yielding 5% paid annually.
In 2 years, she will have $1100 in her account. From this example, we can
conclude that 5% represents the:
A. simple interest.
B. periodic interest rate.
C. future value of her account.
D. present value of her account.
Answers: 2
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