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How much interest is earned

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Reference no: EM133173232

Question - How much interest is earned in the 12 th year of a 25-year $1,050 investment earning 10.20% annually?

a. $107.10

b. $1,355.35

c. $343.53

d. $311.74

e. $1,101.91

Reference no: EM133173232

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