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How much more interest would earn over the bank savings

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Problem 1: A savings institution advertises 7% annual interest, compounded daily, How much more interest would you earn over the bank savings account or credit union in problems 7 and 8?

Problem 2: An 8.5% account earns continuous interest. If S2500 is deposited for 5 years, what is the total accumulated?

Problem 3: You lend S100 at 10% continuous interest. If you are repaid 2 months later, what is owed?

Reference no: EM132736255

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