Suppose you deposit $1,000 today in an account that pays interest at an annual rate of 5%. What will be the balance in the account at the end of two years if you withdraw only the
Interest paid on the interest at that time?
A)$1,100
B)$1,000
C)$1,103
D)$1,050

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The Answer of Suppose you deposit $1,000 today in an account that pays interest at an annual rate of 5%. What will be the balance in the account at the end of two years if you withdraw only the
Interest paid on the interest at that time?
A)$1,100
B)$1,000
C)$1,103
D)$1,050

Suppose You Deposit $1,000 Today in an Account That Pays