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Business, 07.11.2019 07:31 santosm35

Suppose you invest $ 1 comma 050 in an account paying 5 % interest per year. a. what is the balance in the account after 2 years? how much of this balance corresponds to "interest on interest"? b. what is the balance in the account after 34 years? how much of this balance corresponds to "interest on interest"? a. what is the balance in the account after 2 years? the balance in the account (with compounded interest) after 2 years is $

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Suppose you invest $ 1 comma 050 in an account paying 5 % interest per year. a. what is the balance...

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