If you deposit $5,000 today into an account earning an annual rate of return of...
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If you deposit $5,000 today into an account earning an annual rate of return of 8 percent, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of interest?
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If you deposit $5,000 today into an account earning an annual rate of return of 8 percent, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of interest?
solve all parts
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