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An amount $4,000 is invested today and another $10,000 invested four years from now. If both of them earn a simple interest of 10%, the
An amount $4,000 is invested today and another $10,000 invested four years from now. If both of them earn a simple interest of 10%, the interest accrued at the end of 5 years is $1,400 ------------True/False question but I need to show why the answer was true or false. So can you please show your work on how you got the True and false answer. And can you show each step along the way. Thank you!
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