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6. Calculate the compound interest on investing $600.00 for 2 years at 7% per year.​
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6. Calculate the compound interest on investing $600.00 for 2 years at 7% per year.​

User Zhu Shengqi
by
4.2k points

1 Answer

4 votes

Answer:

686.94

Explanation:

first year, 42 interest

second year, 44.94 interest

Total=686.94

User Satu
by
4.5k points
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