(Answered) Suppose you invest 1050 n an account paying 7interest per

Management Studies

Suppose you invest $ 1,050 n an account paying 7%interest per year.

a. What is the balance in the account after 3years? How much of this balance corresponds to"interest on interest"?

b. What is the balance in the account after 27years? How much of this balance corresponds to"interest on interest"?

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