You have $540 in an account which pays 4.5% compounded annually. How many additional dollars of interest

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You have $540 in an account which pays 4.5% compounded annually. How many additional dollars of interest would you earn over 5 years if you moved the money to an account earning 6.7%?

How many additional dollars of interest would you earn over 5 years from the account that pays 6.7%?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Mar 30, 2023 12:37 AM

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You have $540 in an account which pays 4.5% compounded annually. How many additional dollars of interest

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To calculate the additional interest earned by moving the 540 from an account paying 45 ... View the full answer

Exploring Economics

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