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OpenStudy (issachall):
An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. Approximately how much interest is earned on the investment? a. $724.67 b. $2127.72 c. $720.37 d. $2720.37
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OpenStudy (mrnood):
if th erate is 6.2% per year what is the interest % in 1/4 year?
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