Katy invests $13,000 at 6% simple interest for 38 years. Round your answers to the nearest cent. How much interest is earned over the 38 year period? How much is in the account at the end of the 38 year period?
Katy invests $13,000 at 6% simple interest for 38 years. Round your answers to the nearest cent. How much interest is earned over the 38 year period? How much is in the account at the end of the 38 year period?
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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plz solve both parts within 30-40 mins I'll give you multiple upvote

Transcribed Image Text:Katy invests $13,000 at 6% simple interest for 38
years.
Round your answers to the nearest cent.
.
How much interest is earned over the 38 year
period?
How much is in the account at the end of the 38
year period?
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