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Old Time Savings Bank pays 5% interest on its savings accounts. If you deposit $1,700 in the bank and leave it there: Note: Do not
Old Time Savings Bank pays 5% interest on its savings accounts. If you deposit $1,700 in the bank and leave it there:
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
- How much interest will you earn in the first year?
- How much interest will you earn in the second year?
- How much interest will you earn in the 10th year?
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