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Question: monico invests 12000 months into an account at an annual...

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Monico invests $12,000 months. into an account at an annual rate of 0.6% simple interest for 24 1) What is the Principal in this scenario? $12,000 0.006 @0.6 % 2) What is the interest rate for this account? 0.006 00.6 % O$12,000 3) What number do you use to represent the interest rate in the simple interest formula? 00.6 % 02 $12,000 0.006 4) What is the length of time of this investment, in years? 00.6 % 02 $12,000 0.006 5) Calculate the simple interest earned on this account.
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