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Please answer this question, and shortly on DUE! Thank you very much! Topic 1: Compounding Question 1 (25 marks): Suppose you invest $10,000 for 15

Please answer this question, and shortly on DUE! Thank you very much! image text in transcribed
Topic 1: Compounding Question 1 (25 marks): Suppose you invest $10,000 for 15 years in an account that pays 6% per year: a. If the interest is the simple interest and you do not make any withdrawals, how much will you have in the account at the end of 15 years? (10 marks) b. If the interest is compounded annually and you do not make any withdrawals: - How much will you have in the account at the end of 15 years? (10 marks) - Calculate the amount of the compound interest known as interest-on-interest (interest earned when interest payments are reinvested) in the account at the end of 15 years. (Show ALL workings)

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