(Answered) Suppose you invest 1150 in an account paying 2 interest per

Finance

Suppose you invest $1,150 in an account paying 2% interest per year.

a. What is the balance in the account after 4years? How much of this balance corresponds to"interest on interest"?

b. What is the balance in the account after 32years? How much of this balance corresponds to"interest oninterest"?

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