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To save for a child's education, the Petersens deposited $2300 into an account that pays 4% annual interest compounded daily. Find the amount of interest earned on this account over a 10-year period. Round your answer to the nearest cent.
Behavioral Segmentation
The division of a market into groups based on consumer behaviors and purchasing decisions, allowing for more targeted marketing strategies.
Over 40 Weeks
A phrase indicating a time span longer than 40 weeks, often used in contexts such as project timelines, pregnancy, or financial performance tracking.
National Car Rental
A rental car agency based in the United States, providing vehicle rental services to customers worldwide.
80/20 Rule
A principle suggesting that 80% of effects come from 20% of causes, often used in business and economics to focus efforts on the most productive inputs.
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