Andy currently has a balance of $4,585.92 in an account he has held for 21 years. He

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Andy currently has a balance of $4,585.92 in an account he has held for 21 years. He opened the account with an initial deposit of $3,278. What is the simple interest rate on the account?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Apr 23, 2024 06:46 AM

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Andy currently has a balance of $4,585.92 in an account he has held for 21 years. He

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To calculate the simple interest rate on Andys account we need to know the amount of interest earne... View the full answer

Microeconomics

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