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The opportunity cost of capital depends on the proposed use of casei, IIUL 3. Compound interest Old Time Savings Bank pays 4% inter erest Old

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The opportunity cost of capital depends on the proposed use of casei, IIUL 3. Compound interest Old Time Savings Bank pays 4% inter erest Old Time Savings Bank pays 4% interest on its savings account. If you deposit $1,000 in the bank and leave it there: a. How much interest will you earn in the first year? b. How much interest will you earn in the second year? c. How much interest will you earn in the tenth year? 4. Compound interest New Savings Bank nays 4% interest on deposits. If you

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