Math problem?
1. For an investment of $100,000 at 9% interest for 8 years, find (a) the simple interest, and (b) the compound interest if interest is calculated once per year.
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1. For an investment of $100,000 at 9% interest for 8 years, find (a) the simple interest, and (b) the compound interest if interest is calculated once per year.
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find ... interest EARNED ... is what you mean.