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(Solved): What is the compound interest earned on a four-year investment of \( \$ 3,500 \) at \( 4.5 \% \) co ...



What is the compound interest earned on a four-year investment of \( \$ 3,500 \) at \( 4.5 \% \) compounded monthly?
What is the compound interest earned on a four-year investment of \( \$ 3,500 \) at \( 4.5 \% \) compounded monthly?


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Formula to calculate Compound Interest: CI=P(1+rn)nt?P where, P=Initial Principal balance r=Interest rate n=Number of times of Interest applied per ti
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