sandra and cindy both invest $14,000 into savings accounts that earn simple interest if sandras account earns 4.5% interest and candys account earns 6% intresr,how much more intrest will cindy have earened after 7 years?
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sandra and cindy both invest $14,000 into savings accounts that earn simple interest if sandras account earns 4.5% interest and candys account earns 6% intresr,how much more intrest will cindy have earened after 7 years?
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- Charlotte wishes to accumulate $100,000 in a savings account in 10 years. If she wishes to make a single deposit today and the bank pays 4% compounded annually on deposits of this size, how much should Charlotte deposit in the account?If Bob and Judy combine their savings of $1,600 and $800,respectively, and deposit this amount into an account that pays 9% annual interest, compounded monthly, what will the account balance be after 4 years?Taylor invests part of her $2 000 savings into a savings account at 6% and part into a GIC at 8% simple interest. If she gets $150 in interest from the two investments, you want to calculate how much she invested at each rate. How much did Taylor invest into a GIC at 8% simple interest?
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