Suppose you deposit $1,000 in an account with an APR of 4%, with compounding quarterly. a. After

Question:

Suppose you deposit $1,000 in an account with an APR of 4%, with compounding quarterly.

a. After 10 years, what is the balance in the account if you make no withdrawals?

b. After 10 years, how much interest on interest did you earn?

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