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Mr. Adam saved some money to invest, and he found an investment that pays 12 percent per year. That rate sounds good to Adam, so
Mr. Adam saved some money to invest, and he found an investment that pays 12 percent per year. That rate sounds good to Adam, so he invested $400. How much will Adam have in three years? How much will Adam have in seven years? At the end of seven years, how much interest will Adam have earned? How much of that interest results from compounding? ( please provide the answers with step by step calculations in detail)
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