Essay
Calculate answers to the following questions:
a. To what amount will an $800 deposit grow, assuming 9 percent annual interest, five years, and simple interest?
b. To what amount will a $500 deposit grow, assuming 10 percent annual interest paid semiannually, three years, and simple interest?
Correct Answer:
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a. $1,160[($800 
.09...View Answer
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Correct Answer:
Verified
.09...View Answer
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