Emily invested his savings of $1,625 in a savings account that was earning simple interest at...
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Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m. a. What is the interest rate per month that is equivalent to 4.26% p.a.? 0.00 % Round to two decimal places b. What was the total interest earned from both investments at the end of 15 months? $0.00 Round to the nearest cent Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m. a. What is the interest rate per month that is equivalent to 4.26% p.a.? 0.00 % Round to two decimal places b. What was the total interest earned from both investments at the end of 15 months? $0.00 Round to the nearest cent
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a Given annual interest r 426 to find monthly interest r ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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