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Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $1,600 in the bank and leave it there: (Do not round

Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $1,600 in the bank and leave it there: (Do not round intermediate calculations. Round your answers to 2 decimal places.)

a. How much interest will you earn in the first year?

First year Interest =

b. How much interest will you earn in the second year?

Second year interest =

c. How much interest will you earn in the 10th year?

Tenth year interest =

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