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16. Suppose you invest $1,200 into a mutual fund that is expected to earn an annual rate of return of 10%. After 17 years, how

16. Suppose you invest $1,200 into a mutual fund that is expected to earn an annual rate of return of 10%. After 17 years, how much is the interest on interest you earned?

(a) $4,025.4 (b) $120.0 (c) $6,065.4 (d) $2,825.4

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