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A yearly deposit of $ 1 1 0 0 is made into a bank account that pays 4 % interest per year, compounded annually. What
A yearly deposit of $ is made into a bank account that pays interest per year, compounded annually. What is the balance in
the account right after the deposit? How much of the balance comes from the annual deposits and how much comes from
interest?
Round your answers to two decimal places.
Balance right after the deposit $
$
comes from the annual deposit.
$
i
comes from the interest.
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