Interest on interest: Suppose you invest for 2 years with an interest rate of 1 4 %
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Question:
Interest on interest: Suppose you invest for years with an interest rate of year If you invest $ today, calculate the total amount and the total compound interest you will receive at the end of year if the amount is compound interest? Calculate the total simple interest you receive at the end of year Finally, how much profit should you calculate from interest?
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