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Simple Interest and Compound Interest

Simple Interest and Compound Interest. Formulas. Simple Interest Future Value Formula. Interest Earned. Find the future value of $3670 deposited at 2¾% annual simple interest for 7 years. .

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Simple Interest and Compound Interest

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  1. Simple Interest and Compound Interest

  2. Formulas Simple Interest Future Value Formula Interest Earned

  3. Find the future value of $3670 deposited at 2¾% annual simple interest for 7 years.

  4. How much must be deposited now atannual simple interest so that in 2 years and 7 months an account will contain $3000?

  5. Formulas Compound Interest Future Value Formula

  6. When Mike Jones was born, his grandparents deposited $5,000 into a special account for Mike’s college education. The account earned 7¼ % interest compounded daily. How much will be in the account when Mike is eighteen?

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