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what is the balance in the account after 25 years how much of this balance corresponds to interest on interest
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what is the balance in the account after 25 years how much of this balance corresponds to interest on interest

User Byoungb
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1 Answer

7 votes
Using future value formula


The balance in the account after 25 years is $6,848.48.


The balance that corresponds to "interest on interest" is $3,848.48.
User Vee
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