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A friend has $4,800 that has been saved from her part-time job. She will need her money, plus any interest earned on it, in six months and has asked for your help in deciding whether to put the money in a bank savings account at 5.5% interest or to lend it to Judy. Judy has promised to repay $5,100 after six months. Calculate the interest earned on the savings account for six months

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983761

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