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Today, you deposited $2,500 in a bank account that pays 3.6 percent interest per year. How much money will you have in your account after
Today, you deposited $2,500 in a bank account that pays 3.6 percent interest per year. How much money will you have in your account after 7 years? How much interest will you earn over the next 7 years? How much of it is due to compounding?
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