Lauren McAnally invests $2,000 at 2% compounded semiannually for two years, and Inez Everett invest an equal

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Lauren McAnally invests $2,000 at 2% compounded semiannually for two years, and Inez Everett invest an equal amount at 2% compounded quarterly for 18 months. Use 13 - 1 to determine which investment yields the grater interest?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:51 AM

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Lauren McAnally invests $2,000 at 2% compounded semiannually for two years, and Inez Everett invest an equal

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22 4 periods 2 2 1 per period 2000104060 208120 compound amount 208120 2000 8120 ...View the full answer

Business Math

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