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If you deposit $20,000 today into an account earning an annual rate of return of 9 percent, in the third year how much interest would

If you deposit $20,000 today into an account earning an annual rate of return of 9 percent, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of interest?

a. If you deposit $20,000 today into an account earning an annual rate of return of 9%, in the third year how much interest would be earned?

b. How much of total is simple interest?

c. How much results from compounding of interest?

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