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Old Time Savings Bank pays 3 % interest on its savings accounts. If you deposit $ 2 , 4 0 0 in the bank and
Old Time Savings Bank pays interest on its savings accounts. If you deposit $ in the bank and leave it there:
Note: Do not round intermediate calculations. Round your answers to decimal places.
a How much interest will you earn in the first year?
b How much interest will you earn in the second year?
c How much interest will you earn in the th year?
a First year interest
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