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16 January, 10:44

B * In Using the expression above, choose the correct answers for the new balance and the amount of interest earned in the following compound interest problem. $850 at 8% for 8 years, compounded annually. Total Amount = $ Interest Amount = $

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  1. 16 January, 14:04
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    In 8 years, you will have $1,573.29 thus $850-$1573.29 = $ 723.29 in interest
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