Question: Mike just put $ 1 5 0 , 0 0 0 into an account that promises to pay 5 % APR ( annual compounding )

Mike just put $150,000 into an account that promises to pay 5% APR (annual compounding).
Calculate the total compound interest (int-on-int) earned over a 20-year holding period. (Round to 2 decimals)
Mike just put $ 1 5 0 , 0 0 0 into an account

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