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Monday After-MATH


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Is interest accrued monthly or annually?


Each month's/year's interest should be factored into the calculations for subsequent month/year interest garnered.





$1429.56*.14=$200.14 (rounded)


$1629.70*.14=$228.16 (rounded)


The answer would be "None of the Above" as the person in question would have reached the $1800 (and then some) mark in just under 4 months/years.

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