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Can you please answer and explain these? Thanks :) 1. Suppose you deposit $20,000 in an account that pays 8% interest per annum compounded annually

Can you please answer and explain these? Thanks :)

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1. Suppose you deposit $20,000 in an account that pays 8% interest per annum compounded annually for exactly 10 years. Calculate the following components of the account balance at the end of 10 years: (a) principal (b) simple interest (c) interest on interest

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