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Consider a $2,900 deposit earning 8 percent interest per year for five years.

What is the future value? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

How much is interest earned on interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93056188

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