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Problem 5-5 Future Values (LO1) You deposit $2,300 in your bank account. a. If the bank pays 3% simple interest, how much will you accumulate

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Problem 5-5 Future Values (LO1) You deposit $2,300 in your bank account. a. If the bank pays 3% simple interest, how much will you accumulate in your account after 9 years? Future value nces b. How much will you accumulate if the bank pays compound interest? (Do not round intermediate calcui answer to 2 declmal places.) Future value

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