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Interest Rate Goal 1: You should know how the difference between simple interest rate, compound interest rate and amount function associated with them. Simple interest

Interest Rate Goal 1: You should know how the difference between simple interest rate, compound interest rate and amount function associated with them. Simple interest rate s (per period) Compound interest rate i (per period) Amount function A_K (t)

1-You deposit $10,000 at time 0. What is the balance after 2 years at 6% of simple interest rate?

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