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Suppose you invest $ 800 in an account paying 6 % interest per year. What is the balance in the account after 4 years? How
Suppose you invest $ 800 in an account paying 6 % interest per year.
What is the balance in the account after 4 years? How much of this balance corresponds to"interest oninterest"?
The balance in the account(with compoundedinterest) after 4 years is
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