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Interest Find the amount of interest earned by

Chapter , Problem 88A

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QUESTION:

Interest Find the amount of interest earned by deposit.$6902 if interest is 6% compounded semiannually for 8 years

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QUESTION:

Interest Find the amount of interest earned by deposit.$6902 if interest is 6% compounded semiannually for 8 years

ANSWER:

Solution:Step 1 of 2:In this problem, we need to find the amount of interest earned by deposit.

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