06
Jan
Precision Engineering invested $110,000 at 6.5 per
Question: Precision Engineering invested $110,000 at 6.5 per
Precision Engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years.
How much interest on interest did the company earn over this period of time?
Answer is $2,911.30 but please lease explain how to solve this problem on a BAII Plus calculator step by step. Thank you!
Tags: 000 at 6.5 per, Precision Engineering invested $110
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