Question
Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value? (Do not round intermediate calculations and round
Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value $
How much total interest is earned on the original deposit? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Total interest earned $
How much is interest earned on interest due to compounding? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Interest earned on interest $
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