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Interest-on-Interest Consider a $2,600 deposit earning 8 percent interest per year for 5 years. How much total interest is earned on interest (excluding interest earned

Interest-on-Interest Consider a $2,600 deposit earning 8 percent interest per year for 5 years. How much total interest is earned on interest (excluding interest earned on the original deposit)? $1,040.00 $104.00 $180.25 $1,220.25

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