Question: PRIRETER VERSION RACK ES Brief Exercise 3-12 Determine the amount of interest that will be earned on each of the following Investments: (Round answers to

PRIRETER VERSION RACK ES Brief Exercise 3-12 Determine the amount of interest that will be earned on each of the following Investments: (Round answers to 2 decimal places, e.g. 15.25.) (1) Interest Rate (n) Number of Periods Investment Amount of Interest Type of Interest Simple a. $160 39 1 $ b. $550 99 4 Simple $ $550 896 2 Compound $

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