1. Diana deposits $725 into savings account that pays 2.3% simple annual interest. How much interest will Diana earn after 18 months?

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Chapter2: Second-order Linear Odes
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1. Diana deposits $725 into savings account that pays 2.3% simple annual interest. How much interest will
Diana earn after 18 months?
2. What will be the Maturity value of $12,000 invested for 4 years at 15% compounded quarterly?
3. Determine the compound amount if $20,000 is invested at 15% compounded semi-annually for 6 years.
Transcribed Image Text:1. Diana deposits $725 into savings account that pays 2.3% simple annual interest. How much interest will Diana earn after 18 months? 2. What will be the Maturity value of $12,000 invested for 4 years at 15% compounded quarterly? 3. Determine the compound amount if $20,000 is invested at 15% compounded semi-annually for 6 years.
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