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A sum of $25,000 is invested in a saving account which pays interest at a rate of 7 percent per year compounded annually. If the

A sum of $25,000 is invested in a saving account which pays interest at a rate of 7 percent per year compounded annually. If the amount is kept on deposit for 15 years, what will the compound amount equal? How much interest will be earned

during the 15 years?

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