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Find the Interest Earned

Question 41

Multiple Choice

Find the interest earned. Assume Find the interest earned. Assume % interest compounded daily, as in the following table, and use the exact number of days. Round to the nearest cent. -Amount: $7,000 Deposited: Oct 29 Withdrawn: Nov 18 A) $7,013.44 B) $13.44 C) $7,014.44 D) $42.41 % interest compounded daily, as in the following table, and use the exact number of
days. Round to the nearest cent. Find the interest earned. Assume % interest compounded daily, as in the following table, and use the exact number of days. Round to the nearest cent. -Amount: $7,000 Deposited: Oct 29 Withdrawn: Nov 18 A) $7,013.44 B) $13.44 C) $7,014.44 D) $42.41
-Amount: $7,000
Deposited: Oct 29
Withdrawn: Nov 18


A) $7,013.44
B) $13.44
C) $7,014.44
D) $42.41

Correct Answer:

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