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How much interest is earned in just the 48th year on a $50 deposit that earns 5% interest compounded annually? A. $24.8 B. $22.7 C.

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How much interest is earned in just the 48th year on a $50 deposit that earns 5% interest compounded annually? A. $24.8 B. $22.7 C. $26.0 D. $2.50

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