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As a high-school graduation gift, your parents gave you $2,000. Instead of spending the money, you deposited the funds in a savings account that pays

As a high-school graduation gift, your parents gave you $2,000. Instead of spending the money, you deposited the funds in a savings account that pays 1.2% per year in simple interest. If you do not make any withdrawals from this account, how much will you have in the account after 4 years?

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