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    Business Mathematics Study Set 1
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    Exam 8: Compound Interest: Future Value and Present Value
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    Maria Invested $1,200 at 3
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Maria Invested $1,200 at 3

Question 126

Question 126

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Maria invested $1,200 at 3.25% compounded monthly. After six months, the rate changed to 3.5% compounded quarterly. How much interest will Maria earn after four years?

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