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| Compound Interest Worksheet 15 For Google Apps | |||||
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| For these word problems, the interest is compounded monthly. Sample questions are: 1. What will the final balance be for $870 invested at 4% compounded quarterly for four years? 2. If an investment over seven years at a rate of 3% compounded quarterly results in a final balance of $795.10, what was the original investment? 3. How long must $196 be invested at a rate of 8% compounded quarterly to earn $95.25 in interest? | |||||
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