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I need help solving this problem Intro You make a one-time investment of $500 and leave it for 5 years, earning an annual interest rate
I need help solving this problem
Intro You make a one-time investment of $500 and leave it for 5 years, earning an annual interest rate of 2%. Part 1 Attempt 1/10 for 10 pts. How much interest will you have earned after 5 years? Part 2 1. Attempt 1/10 for 10 pts. If you leave the entire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period Step by Step Solution
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