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Suppose that you have $20,000 in an account that you expect to pay 12% interest compounded annually. a) how much compound interest do you expect

Suppose that you have $20,000 in an account that you expect to pay 12% interest compounded annually.

a) how much compound interest do you expect to earn over the next 10 years?

b) how much compound interest do you expect to earn just over the fifth year by itself? Solve using a financial calculator

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