Suppose you invest $ 850 in an account paying 7 % 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 35 years? How much of this balance corresponds to "interest on interest"?
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Suppose you invest $ 850 in an account paying 7 % interest per year. a. What is the balance in the a...
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