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a. You deposit $2,500 in your bank account. If the bank pays 4% simple interest, how much will you accumulate in your account after 10
a. You deposit $2,500 in your bank account. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? Future value b. What if the bank pays compound interest (annually)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compound interest $ c. How much of your earnings will be interest on interest? (Round your answer to 2 decimal places.) Interest on interest
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