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Please answer A-B with the corresponding interest. Need the explanation also to see how steps were done please and thank you will give thumbs up
Please answer A-B with the corresponding interest.
Need the explanation also to see how steps were done please and thank you will give thumbs up
Suppose you invest $1,200 in an account paying 7% interest per year. a. What is the balance in the account after 4 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 30 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 4 years? The balance in the account after 4 years is $ (Round to the nearest cent.)Step by Step Solution
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