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any locations require that renters be paid interest on their security deposits. if you have a security deposit of $2,200, how much interest would you expect to earn per year at 4 percent?

Sagot :

There are many places where renters must be paid interest on their security deposits. A $2,200 security deposit will result in an interest payment of $88 at a rate of 4%.

Shed light on the concept of personal finance.

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To solve the question :

Given,

Security deposit = $2,200

Rate of interest =  4 percent

Interest = 2200 × (4/100)

Therefore, interest is $88

To know more about, personal finance, visit :

https://brainly.com/question/2006382

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