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What would be the amount of compound interest on 13000

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Reference no: EM13590484

1. What is the simple interest on a $1,500 loan at 12% for 2 years?

2. What would be the amount of compound interest on $13,000 invested for three years at 4%, compounded semiannually? Round your answer to the nearest dollar.

Reference no: EM13590484

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