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April 16, 2014

April 16, 2014

Posted by **Akron Oh** on Wednesday, June 6, 2012 at 1:26pm.

- math -
**Reiny**, Wednesday, June 6, 2012 at 2:01pmI will assume the interest rate is 12% per annum, compounded monthly, so the montyly rate is 1%

interest in the first month = 2000(.01) = $20

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