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Franklin has placed $2000 in a local bank earning 8% trying to save for a new Apple MacBook. He does not expect to make any
Franklin has placed $2000 in a local bank earning 8% trying to save for a new Apple MacBook. He does not expect to make any additional deposits, and will allow the money to grow for two years, so he asks you to help him determine what his final balance will be when he cashes out.
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To calculate Franklins final balance after two yearswe can use the simple interest formula Final bal...
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
