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If $1,000 is invested in an account for 10 years. Calculate the total interest earned at the end of 10 years if the interest is:
If $1,000 is invested in an account for 10 years. Calculate the total interest earned at the end of 10 years if the interest is: (a) 8% simple interest: $ *remember that "interest" is the amount earned not the balance (b) 8% compounded annually: $ (c) 8% compounded quarterly: $ (d) 8% compounded monthly: $ Round your answers to the nearest cent
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