Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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**Interest Earned.** Teresa has just opened a NOW account that pays 4.20% interest. If she maintains the account at the required minimum balance of $210 for the next twelve months, how much interest will she earn?

If she maintains the account at the required minimum balance of $210 for the next twelve months, the amount she will earn in interest is $_____. (Round to the nearest cent.)
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Transcribed Image Text:**Interest Earned.** Teresa has just opened a NOW account that pays 4.20% interest. If she maintains the account at the required minimum balance of $210 for the next twelve months, how much interest will she earn? If she maintains the account at the required minimum balance of $210 for the next twelve months, the amount she will earn in interest is $_____. (Round to the nearest cent.)
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