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Sheffield Company deposited $8000 in an account paying 4.0% annual interest. How much interest-on-interest would Sheffield earn over 5 years? $266 $66.50 $133 $399

Sheffield Company deposited $8000 in an account paying 4.0% annual interest. How much interest-on-interest would Sheffield earn over 5 years?

$266 $66.50 $133 $399

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