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On January 1, 2018, you deposited $5,600 in a savings account. The account will earn 9 percent annual compound interest, which will be added to

On January 1, 2018, you deposited $5,600 in a savings account. The account will earn 9 percent annual compound interest, which will be added to the fund balance at the end of each year.

Required:

1. What will be the balance in the savings account at the end of 3 years?

2. What is the total interest for the 3 years?

3. How much interest revenue did the fund earn in 2018 and in 2019?

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