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(Solved): 2. Calculating Security Deposit Interest. Many locations require that renters be paid interest on t ...




2. Calculating Security Deposit Interest. Many locations require that renters be paid interest on their security deposits. If
2. Calculating Security Deposit Interest. Many locations require that renters be paid interest on their security deposits. If you have a security deposit of \( \$ 1,800 \), how much would you expect a year at \( 2.5 \) percent? (LO 9.2)


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Interest = Deposit * Rate * time where, Rate = 0.025 time = 1 = 1800 * 0
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