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Unformatted text preview: where c is a constant b. 10 0.14 Lexi invests 1000 at time 0. How much will she have at time 10? 3. Emily invests 1000 at a simple rate of interest S. Emily will earn an effective rate of interest of 5% in the 11 th year of her investment. How much will Emily have at the end of 40 years?...
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 Spring '08
 Staff
 Math, Effective Interest Rate, Interest, Nominal Interest Rate, 6%, 5%

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