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Date of the end of the term of the investment

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Reference no: EM131612874

Sarai Sherman agreed to deposit $4,450 in an account paying 16% simple interest per year for 60 days. If she made the deposit on February 25, determine (a) the date of the end of the term of the investment, and (b) the ordinary interest Sarai will earn.

Reference no: EM131612874

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