Consider a 4400 deposit earning 9 percent interest per year, Ask an Expert

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Consider a $4,400 deposit earning 9 percent interest per year for 9 years.

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

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

Total interest earned $ How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Interest earned on the interest $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92400572

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