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Directions : Compute the quarterly interest for two years for a deposit of $10,000.00 at a 6% annual interest rate. What is the quarterly interest

Directions: Compute the quarterly interest for two years for a deposit of $10,000.00 at a 6% annual interest rate.

What is the quarterly interest rate you will use in the calculations?

How did you determine what interest rate to use?

Year Beginning Balance Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Interest Ending Balance

1

$10,000.00

2

How much interest was earned over the course of the two years?

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