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How much interest is earned in just the second year on a $1,000 deposit that earns 8% interest compounded annually? A. $80.00 B. $84.14 C.

How much interest is earned in just the second year on a $1,000 deposit that earns 8% interest compounded annually? A. $80.00 B. $84.14 C. $86.40 D. $160.00

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