How much should you invest at 3.4% simple interest in order to earn $70 interest in 11 months
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Compute the simple interest for the specified length of time and the future value at the end of that time. Round all answers to the nearest cent. [HINT: See Quick Examples 1-5.] $\$ 10,100$ is invested for 3 months at $11 \%$ per year.
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Compute the simple interest for the specified period and the future value at the end of the period. Round all answers to the nearest cent. $$ \$ 10,100 \text { is invested for } 3 \text { months at } 11 \% \text { per year. } $$
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