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FIN 215 – Consider a $3,000 deposit earning 9 percent interest per year

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January 8th, 2018

Consider a $3,000 deposit earning 9 percent interest per year for four years.How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)How much total interest is earned on the original deposit?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

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