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Consider a 2200 deposit earning 7 percent interest per year


Consider a $2,200 deposit earning 7 percent interest per year for six years.

What is the future value? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value$   

How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Total interest earned$      

How much is interest earned on interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Interest earned on interest$

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Finance Basics: Consider a 2200 deposit earning 7 percent interest per year
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