How much interest has been paid on interest, Financial Accounting

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How much interest has been paid on interest

Response to the following problem:

If you deposit $10,000 in an account that pays 6% compounded interest per period, assuming no withdrawals:

a. What will be the balance in the account after two periods?

b. After the two periods, how much interest has been paid on the principal amount?

c. After the two periods, how much interest has been paid on interest?

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Financial Accounting: How much interest has been paid on interest

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Financial Accounting: How much interest has been paid on interest

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