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September 1, 2014

September 1, 2014

Posted by **Tee** on Tuesday, July 2, 2013 at 10:18pm.

- Business Math -
**Reiny**, Tuesday, July 2, 2013 at 11:03pmamount = 10000(1 + .12/12)^12 = 11268.25

so interest earned = 1268.25

rate of return = 1268.25/10000 = .1268 or appr 12.68%

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