Solved: Suppose you invest 800 in an account paying 6 interest, Finance Basics

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Suppose you invest 800 in an account paying 6 interest

Suppose you invest $ 800 in an account paying 6 % interest per year.

What is the balance in the account after 4 years? How much of this balance corresponds to? "interest on? interest"?

The balance in the account? (with compounded? interest) after 4 years is

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Finance Basics: Suppose you invest 800 in an account paying 6 interest

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Finance Basics: Suppose you invest 800 in an account paying 6 interest

Reference No:- TGS02629111

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