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Suppose you invest $1,100 in an account paying 2% interest per year. a. What is the balance in the account after 2 years? How much

Suppose you invest $1,100 in an account paying 2% interest per year. a. What is the balance in the account after 2 years? How much of this balance corresponds to "interest on interest"? What is the balance in the account after 32 years? How much of this balance corresponds to "interest on interest"?

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