Consider a $4,000 deposit earning 9 percent interest per year for nine years. What is the future value?
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Consider a $4,000 deposit earning 9 percent interest per year for nine years. What is the future value? (Do not

round intermediate calculations. Round your answer to 2 decimal places.) How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Answer Future Value = 8687.57 Total interest... View the full answer

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