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David deposits $4000 into an account that pays simple interest at an annual rate of 5%. He does not make any more deposits. He makes

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David deposits $4000 into an account that pays simple interest at an annual rate of 5%. He does not make any more deposits. He makes no withdrawals until the end of 6 years when he withdraws all the money. Answer the following questions. If necessary, refer to the list of financial formulas. (a) How much total interest will David earn? $ (b) What will the total amount in the account be (including interest)? $0

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