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Suppose you invest $1,300 in an account paying 9% interest per year. a. What is the balance in the account after 3 years? How much
Suppose you invest $1,300 in an account paying 9% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 20 years? How much of this balance corresponds to "interest on interest
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