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Assume that you invest $1,000 in an account that pays an interest rate of 9.50% per year with annual compounding. Calculate the proportion of the

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Assume that you invest $1,000 in an account that pays an interest rate of 9.50% per year with annual compounding. Calculate the proportion of the total value of the account, at the end of | 20 years, that can be attributed to interest-on-interest. Select one: o a. 45.75% O b. 52.78% c. 31.78% 0 O d. 30.65% o e. 37.58%

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