What is the balance in the account after 2 years

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Reference no: EM133496116

Suppose you invest $1,250 in an account paying 8% interest per year.

Question 1: What is the balance in the account after 2 years? How much of this balance corresponds to "interest on? interest"?

Question 2: What is the balance in the account after 31 ?years? How much of this balance corresponds to? "interest on? interest"?

Reference no: EM133496116

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