What amount has accumulated by the end of the eighth year, Microeconomics

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What amount has accumulated by the end of the eighth year

Problem

If $100 is deposited in a savings account that pays 6% annual interest, what amount has accumulated by the end of the eighth year? How much of this is interest and how much is principal?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What amount has accumulated by the end of the eighth year

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Microeconomics: What amount has accumulated by the end of the eighth year

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