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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. $26.0 B. $2.50 C.

How much interest is earned in just the 48th year on a $50 deposit that earns 5% interest compounded annually?

A.

$26.0
B.

$2.50
C.

$22.7
D.

$24.8

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