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Suppose you invest $ 1 comma 100 in an account paying 2 % interest per...

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Finance

Suppose you invest $ 1 comma 100 in an account paying 2 % interest per year. a. What is the balance in the account after 4 years? How much of this balance corresponds to "interest on interest"? also list simple interest b. What is the balance in the account after 27 years? How much of this balance corresponds to "interest on interest"? Also list simple interest

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