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Homeowrk help. Dont understand how the formula works. Thanks! You have $300 and a bank is offering 4.0% interest on deposits. If you deposit the

Homeowrk help. Dont understand how the formula works. Thanks! image text in transcribed

You have $300 and a bank is offering 4.0% interest on deposits. If you deposit the money in the bank, how much will you have in one year? In one year you will have $ (Round to the nearest cent.) Enter your answer in the answer box

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