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Compounded Interest Practice
Use this formula when the interest is compounded.
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1. $600 invested at 6% compounded annually for 6 years. (Round to the nearest cent. $0.00)
5 points
Your answer
2. $900 invested at 8% compounded semiannually for 5 years. (Round to the nearest cent. $0.00)
5 points
Your answer
3. $2000 invested at 5% compounded quarterly for 6 years. (Round to the nearest cent. $0.00)
5 points
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