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    Principles of Accounting Study Set 1
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    Exam 11: Current Liabilities and Fair Value Accounting
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    Calculate Answers to the Following Scenarios
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Calculate Answers to the Following Scenarios

Question 1

Question 1

Essay

Calculate answers to the following scenarios:
a.To what amount will an $800 deposit grow,assuming an APR of 9 percent paid annually,5 years,and simple interest?
b.To what amount will a $500 deposit grow,assuming an APR of 10 percent paid semiannually,three years,and simple interest?

Correct Answer:

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