59. Compound Interest If $500 is invested at an interest rate of 3.75% per year, compounded...
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59. Compound Interest If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of the investment after the given number of years. (a) 1 year (b) 2 years (c) 10 years 59. Compound Interest If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of the investment after the given number of years. (a) 1 year (b) 2 years (c) 10 years
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