How much would be the difference in the total interest in investment at the end of 4 months: 6.5% at simple interest or 7% compounded monthly for a principal of $10,000?
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$203,904
What amount would you have if you deposited $1,800 a year for 30 years at 8 percent (compounded annually)? $1,800 113.28 = $203,904
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