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A. Calculate the amount accumulated at the end of each year for 10 years by completing the following table below. (worth 40 pts.) Year Value
A. Calculate the amount accumulated at the end of each year for 10 years by completing the following table below. (worth 40 pts.) Year Value Interest 0 $3000 B. Briefly describe the shape of the graph. (worth 5 pts.) C. The key to understanding compound interest is to notice that the money grows by a constant factor during each time period. What is the mathematical term for the way compound interest grows? (worth 5 pts.)
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