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    Business Mathematics Study Set 1
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    Exam 8: Compound Interest: Future Value and Present Value
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    An Investment of $2,500 Earned Interest at 4
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An Investment of $2,500 Earned Interest at 4

Question 259

Question 259

Short Answer

An investment of $2,500 earned interest at 4.5% compounded quarterly for 1½ years, and then 4.0% compounded monthly for two years. How much interest did the investment earn in the 3½ years?

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