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Calculate Answers to the Following Scenarios

question 1

Essay

Calculate answers to the following scenarios:
a.To what amount will an $800 deposit grow,assuming an APR of 9 percent paid annually,5 years,and simple interest?
b.To what amount will a $500 deposit grow,assuming an APR of 10 percent paid semiannually,three years,and simple interest?


Definitions:

Human Contact

The aspect of human interaction that involves direct face-to-face communication or physical touch, emphasizing the importance of social connection and physical presence.

Connection

The state or condition of being linked or associated with someone or something.

Need To Belong

A primary need for humans to develop and keep stable, significant bonds with other individuals.

Relationships Easily

The capacity or tendency to form connections or bonds with others with minimal effort or barrier.

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