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Your grandma invested some money 5 4 years ago into an account
Undergraduate
Your grandma invested some money 5 4 years ago into an account earning 2 . 5 % per year, compounded quarterly. She now has $
Your grandma invested some money
5
4
years ago into an account earning
2
.
5
%
per year, compounded quarterly.
She now has $
1
8
,
2
1
7
in her account. How much interest did she earn on the investment?
(
Round to the dollar and do not include the $ sign in your answer just give the number only
)
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1
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