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Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually. $2100 at 3% for 5 years
Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually. $2100 at 3% for 5 years (a) With simple interest, the future value is equal to $ (Simplify your answer. Type an integer or a decimal.) (b) With interest compounded annually, the future value is equal to $. (Simplify your answer. Type an integer or decimal rounded to the nearest cent as needed.)
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