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How much interest will you earn in the first year

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Old Time Savings Bank pays 5% interest on its savings accounts. If you deposit $1,100 in the bank and leave it there: (Do not round intermediate calculations. Round your answers to 2 decimal places.)

a. How much interest will you earn in the first year?

First year intrest rate?

b. How much interest will you earn in the second year?

Second year interest rate?

c. How much interest will you earn in the 10th year?

Ten year intrest rate?

Reference no: EM132354830

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