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If you deposit $200 in the bank with a 16 percent interest rate. Assume you wont deposit more money or withdraw both principle and interests.

If you deposit $200 in the bank with a 16 percent interest rate. Assume you wont deposit more money or withdraw both principle and interests. Whats your compound interest in the sixth year? Hint: Not asking your total compound interest after six years.

Group of answer choices
25.94
35.21
37.65
Negative compound interest
Above answers are all not correct.

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