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8. Suppose you invest $1,900 into a mutual fund that is expected to earn an annual rate of return of 9%. After 11 years, how

8. Suppose you invest $1,900 into a mutual fund that is expected to earn an annual rate of return of 9%. After 11 years, how much is the interest on interest you earned?

(a) $3,021.8 (b) $3,781.0 (c) $4,902.8 (d) $1,121.8

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