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Grade 8
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Saving and Investing Simple vs. Compound Interest
Worksheet
Grade Level
Grade 8
8.85 Saving and Investing Simple vs. Compound Interest
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🔴 Hard
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Passage
Luna wants $1,407.10 in 7 years in an account that compounds yearly at 5%.
What starting amount is needed? (Round to the nearest dollar.)
A
$1,000.00
B
$900.00
C
$1,407.00
D
$1,100.00
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