Lauren McAnally invests $2,000 at 2% compounded - 94976

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Lauren McAnally invests $2,000 at 2% compounded semiannually for two years, and Inez Everett invests an equal amount at 2% compounded quarterly for 18 months. Use Table 13-1 to determine which investment yields the greater interest.
Solution Description

Lauren McAnally

P = 2000, r = 2%, t = 2, n = 2

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