Question: AaBbCcDdEe AaBbCcDdE Normal No Spacing Assignment 1 7 : Compound Interest Remember to show all of your work, not just your final answer. You borrowed

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Assignment 17: Compound Interest
Remember to show all of your work, not just your final answer.
You borrowed $59000 for 2 years at 11%, which was compounded annually. How much will you owe after the 2 years is up?
At age 27, Jill deposited $4000 into a TFSA (Tax-Free Savings Account), where it earns 9.8% interest compounded monthly. What will it be worth when she is 35?
Verity has not paid her credit card bill for 2 years. The balance she currently owes is $8233.45. Her credit card charges 19% interest, compounded monthly. How much was her original bill before she stopped making payments?
 AaBbCcDdEe AaBbCcDdE Normal No Spacing Assignment 17: Compound Interest Remember to

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