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Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value? How much total interest is earned on
Consider a $5,000 deposit earning 10 percent interest per year for 10 years.
What is the future value?
How much total interest is earned on the original deposit?
How much is interest earned on interest?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Future value: ___________________
Total interest earned: _____________
Interest earned on interest: _________
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