SIMPLE INTEREST AND DISCOUNT - CNX
COMPOUND INTEREST. Do the following compound interest problems involving a lump-sum amount. 1) If $8,000 is invested at 9.2% compounded monthly, what will the final amount be in 4 years? 2) How much should be invested at 10.3% for it to amount to $10,000 in 6 years? 3) Lydia's aunt Rose left her $5,000. ................
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