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The principal represents an amount of money deposited in a

Question: The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal $3000 Rate 8 % Compounded annually Time 5 years

A. Find how much money there will be in the account after the given number of years.

B. Find the interest earned.

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Finance Basics: The principal represents an amount of money deposited in a

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