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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    Find the Compound Interest Earned
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Find the Compound Interest Earned

Question 53

Question 53

Multiple Choice

Find the compound interest earned. Round to the nearest cent:
-$14,000 at 5% compounded annually for 3 years


A) $2206.75
B) $701.50
C) $1435.00
D) $2100.00

Correct Answer:

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