If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of 25 years if the interest is: (a) 6% simple interest: $_________________ (b) 6% compounded annually: $_______________ (c) 6% compounded quarterly: $_______________ (d) 6% compounded monthly: $________________

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A: We will find out all the required values.

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A: Mary Stahley invested $2500 in a 48-month certificate of deposit (CD) that earned 8.5% annual simple…

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