Question
Suppose that David deposits $500 in your savings account that earns 5% annual interest. How much will he have in your account after four years
Suppose that David deposits $500 in your savings account that earns 5% annual interest. How much will he have in your account after four years using (a) simple interest and (b) compound interest? (c) calculate the principal and amount of interest earned for each year
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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