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Question: 1 point when one rents an apartment one is often...

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(1 point) When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apartment is undamaged when you leave. In some localities, the landlord is required to pay the tenant interest once a year compounded yearly Assume that the landlord is required to pay the tenant interest of 5 % compounded annually (a) Suppose the landlord invests a security deposit of $ 750 at a rate of 4 % compounded continuously, what is his net gain or loss after one year, rounded to the nearest cent? Use a negative number to denote a loss. Answer: $ (b) Suppose the landlord invests a security deposit of $ 750 at a rate of 7.4 % compounded continuously, what is his net gain or loss after one year, rounded to the nearest cent? Use a negative number to denote a loss Answer $ IE
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