Solve for the question marks (round to the nearest whole number where applicable): P.V. Years Interest Rate
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Question:
Solve for the question marks (round to the nearest whole number where applicable):
P.V. Years Interest Rate Compounding F.V.
A) ? 5 14% Monthly $3,725
B) $235 2 ? Semiannual $935
C) $6,250 8 6 3/4% Simple ?
D) $3,750 ? 3 1/2% Annual $8,315
E). $1,075. 3 19% Weekly ?
F) Explain the differences between simple and compounded interest rates in light of the results you attained.
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