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Popular Examples
7 years ago, Marvin won some money in the lottery and put it in a bank account that earns 7% interest compounded quarterly. If Marvin currently has 1, 000.00 in the bank account, how much interest has he earned?timmy is 10 years older than joann. eight years from now the sum of their ages will be 82. how old are they now?44 decreased by twice a numberina wants to earn an extra 110 so that she can afford to buy a new phone. How many years will it take Nina to earn enough interest if she invests 1000 with her local bank at a simple interest rate of 5.5% pa?It will take Nina years to earn enough interest.Find the amount to which 800 will grow under each of these conditions8% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.