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Sally invests £8000 in a savings account . The account pays 2.8% compound interest per year . Work out the value of her investment after 4 years . Give your answers to the nearest penny .
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Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money
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A mother wants to invest 8,000 dollars into her child's college fund. She invests a portion of the money into a CD account which earns 4% interest, and the remainder into a savings bond which earns 7% interest. If the total
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A woman has a total of $9000 to invest. She invests part of the money in an account that pays 7% per year and the rest in an account that pays 8% per year. If the interest earned in the first year is $664, how much did she invest
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Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the
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Please help check my answers to make sure they are correct. I used the "sinking fund payment and present value of an ordinary annuity" formulas to solve this story problem. Thanks! Story: Naomi Dexter is 20 years old. She decides
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