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02-01-2023
Mathematics

Answered

Wyatt invests $1200 into an account that earns 6.2% simple interest for 4 years. he does not make any other deposits or withdrawals.

at the end of 4 years, wyatt invests the entire account balance into a different account that earns 8% simple interest. he leaves the money in the account for 5 years without making any additional deposits or withdrawals.

what is the new account balance at the end of 5 years?

Answer :

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