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2 1 . Suppose you invest $ 8 0 0 in an account paying 2 % interest per year. a . What is the balance

21 .

Suppose you invest $

800

in an account paying

2 %

interest per year.

.

What is the balance in the account after

3

years? How much of this balance corresponds to

interest on interest

?

.

What is the balance in the account after

25

years? How much of this balance corresponds to

interest on interest

?

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