Business, 09.10.2019 23:00, marioruiz7944

Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. assume that fixed interest rates are used throughout this question. olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. she will earn interest once a year for the next 7 years. if she were to make no additional deposits or withdrawals, how much money would the credit union owe olivia in 7 years?

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Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed o...