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Compounding. Suppose your Aunt set aside $50,000 for you 5 years ago and her account earned 8% interest over that time. What is the balance
- Compounding. Suppose your Aunt set aside $50,000 for you 5 years ago and her account earned 8% interest over that time.
- What is the balance in that account today?
- How much of that total is compound interest?
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