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2-How much interest (i.e. amount of interest) is earned in just the third year on a $1,000 deposit that ears 7% interest compounded annually? 4-How

2-How much interest (i.e. amount of interest) is earned in just the third year on a $1,000 deposit that ears 7% interest compounded annually?

4-How much interest will be earned in the next year on an investment paying 12% compounded annually if $100 was just credited to the account for interest?

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