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Suppose you invest ?$158 in an account paying 7?% interest on per year.

A. What is the balance in the account after 4 years?

B. How much of this balance corresponds to? "interest on? interest"?

C. What is the balance in the account after 23 years?

D. How much of this balance corresponds to? "interest on? interest"?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92679508

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