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16 July, 22:40

How much would $200 invested at 4% interest compounded monthly be

worth after 8 years? Round your answer to the nearest cent

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Answers (1)
  1. 16 July, 23:21
    0
    To find the simple interest, we multiply 200 * 0.04 * 8 to get that:

    The interest is: $64.00
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