you invest 1000 5 year savings bond pays 8 annual interest principal how much total interest

english check your understanding 7236531 2
September 2, 2021
discussion 501-1
September 2, 2021

you invest 1000 5 year savings bond pays 8 annual interest principal how much total interest

You invest $1000 in a 5-year savings bond that pays 8% annual interest on the principal. How much total interest will you have earned after 5 years? (Round your answer to the nearest dollar).
 
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