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Suppose you invest $ 1 , 1 0 0 in an account paying 8 % interest per year. a . What is the balance in
Suppose you invest $ in an account paying interest per year.
a What is the balance in the account after years? How much of this balance corresponds to "interest on interest"?
b What is the balance in the account after years? How much of this balance corresponds to "interest on interest"?
Please anwser both a and b Thank you!
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