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(10 points] Suppose you invest $1,000 in an account paying 5% interest per year. How mch interest-on-interest does your investment earn during the 3rd year?

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(10 points] Suppose you invest $1,000 in an account paying 5% interest per year. How mch interest-on-interest does your investment earn during the 3rd year? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.) a

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