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$1000 earning 6% annual interest, compounded semi-annually for 5 years. A $4500 credit card balance at 28.8% annual interest, compounded daily for the month of July. 2. Determine the Amount of each situation in question 3. 3. Michelle invests $5000 in her brother’s restaurant earning interest at a rate of 2% per month, compounded monthly. At the end of 6 months she receives the following ... ................
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