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Problem 5-5 Future Values (LO1) You deposit $2,800 in your bank account. a. If the bank pays 4% simple interest, how much will you accumulate

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Problem 5-5 Future Values (LO1) You deposit $2,800 in your bank account. a. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? Future value b. How much will you accumulate if the bank pays compound interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value

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