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11. If you put $100 in the bank today, at 8 percent compound interest per year, how much interest will you have earned at the

11. If you put $100 in the bank today, at 8 percent compound interest per year, how much interest will you have earned at the end of 5 years?

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a. $8

b. $23.47

c. $32.48

d. $46.93

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