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How much money will she have in five years

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Sandra Robinson deposits $1,800 in her bank today. If the bank pays 8 percent interest per year without compounding, how much simple interest will she have earned and how much money will she have at the end of five years? $2,520

Question 1: How much money will she have in five years if the bank pays compound interest with annual compounding?

Question 2: How much of the earnings in part b, will be interest on interest?

Reference no: EM132862728

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