If $13,000 is invested in an account for 15 years. Calculate the total interest earned at...
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If $13,000 is invested in an account for 15 years. Calculate the total interest earned at the end of 15 years if the interest is: (a) 7% simple interest: $ 13650 O (b) 7% compounded annually: $ 35867 (c) 7% compounded quarterly: $ 36814 (d) 7% compounded monthly: $ 37036 X Round your answers to the nearest cent. Question Help: Video Message instructor Submit Question X X If $13,000 is invested in an account for 15 years. Calculate the total interest earned at the end of 15 years if the interest is: (a) 7% simple interest: $ 13650 O (b) 7% compounded annually: $ 35867 (c) 7% compounded quarterly: $ 36814 (d) 7% compounded monthly: $ 37036 X Round your answers to the nearest cent. Question Help: Video Message instructor Submit Question X X
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Pz 13000 T 15 years 9 7 007 Compound Interest CI Amount Principal CI A P where A p5 ... View the full answer
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