Consider a 2300 deposit earning 8 percent interest per year, Financial Management

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Consider a 2300 deposit earning 8 percent interest per year

Consider a $2,300 deposit earning 8 percent interest per year for five 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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Financial Management: Consider a 2300 deposit earning 8 percent interest per year

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Financial Management: Consider a 2300 deposit earning 8 percent interest per year

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