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August 27, 2014

August 27, 2014

Posted by **judy** on Thursday, January 10, 2013 at 4:57pm.

- math -
**Steve**, Thursday, January 10, 2013 at 5:32pmIf that's compound interest,

P(1+.03/12)^(12*4) = 1000

P = 887.05

If simple interest,

P(1+4*.03) = 1000

P = 892.06

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