How much of your earnings will be interest on interest

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Reference no: EM13917559

You deposit $1,800 in your bank account. If the bank pays 5% simple interest, how much will you accumulate in your account after 8 years? b. What if the bank pays compound interest (annually)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. How much of your earnings will be interest on interest? (Round your answer to 2 decimal places.)

Reference no: EM13917559

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