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If $12,000 is invested in an account for 20 years. Calculate the total interest earned at the end of 20
years if the interest is:
(a) 7% simple interest: $
(b) 7% compounded annually: $
(c) 7% compounded quarterly: $
(d) 7% compounded monthly: $
Round your answers to the nearest cent.
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If 12000 is invested in an account for 20 years Calculate the total interest earned at the end of 20 years if the interest is a 7 simple interest b 7 compounded class=

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