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Sam invested $4,000 in a savings account three years ago. The account compounds interest annually at 4.5 percent. Assume there are no additional deposits or
Sam invested $4,000 in a savings account three years ago. The account compounds interest annually at 4.5 percent. Assume there are no additional deposits or withdrawals.
a. Currently, how much does he have in the savings account?
b. Find the total interest.
c. Find the total interest on principal.
d. Find the total interest on interest.
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